Railways and BMRCL reach compromise over land lease by sushil on 26 April, 2012 - 08:00 AM | ||
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sushil | Railways and BMRCL reach compromise over land lease on 26 April, 2012 - 08:00 AM | |
The wrangle between the Railways and Bangalore Metro Rail Corporation Ltd., (BMRCL) over leasing railway land for Namma Metro underground works has reportedly been settled with the former agreeing to permit BMRCL to continue with the work after making part payment of additional lease rental.According to BMRCL Chairman and Union Urban Development Secretary Sudhir Krishna, the railways has agreed to permit underground construction work around Majestic areas pending final settlement of the dispute.Mr. Krishna, who was in Germany on Wednesday, told The Hindu over phone that BMRCL would make a part payment of balance licence fee as demanded by SWR. BMRCL has paid Rs. 94 crore to the South Western Railway (SWR) even as the SWR has sought Rs. 125.7 crore as balance fee. Mr. Krishna said a meeting was held between the officials of the board and BMRCL in Delhi on Monday to sort out the issue. BMRCL has agreed to pay Rs. 21 crore as part payment, a source said. SWR General Manager A.K. Mital told The Hindu that he has not received any official communication from the Board so far. “We too are for speedy completion of the underground metro work. However, certain formalities have to be completed (to part with railway land) as per Board's directive,” he said. |