Dubai firm asks Kerala goverment to abide by agreement
March 25th, 2010 - 8:15 pm ICT by IANSKochi, March 25 (IANS) Smart City Dubai, which is to build an IT park in Kochi, Thursday said it had not asked for anything outside the framework agreement signed with the Kerala government.
The Dubai-based builder was responding to Chief Minister V.S. Achuthanandan’s statement earlier this month blaming the firm for the delay in the proposed Rs.1,500-crore Smart City Kochi project.
In 2007, Smart City Dubai had signed the agreement to build the IT project. Since then, nothing has moved despite several rounds of discussions as both sides have differed over granting 12 percent freehold rights to the builder, among other issues.
“Freehold is a contractual obligation, not a favour done to us. Moreover, the freehold is asked for Smart City Kochi, an Indian company registered under the Indian companies act. We are not asking for anything which is not in the framework agreement,” said Smart City Dubai in a press release here.
The statement came ahead of a board of directors meeting of Smart City Kochi scheduled for March 29.
- Kerala to serve ultimatum to Smart City Dubai on Kochi project - Sep 02, 2010
- Fate of Kochi IT park project hangs in balance - Mar 13, 2010
- Achuthanandan belittles Smart City Dubai yet again - Nov 16, 2010
- Board fails to break deadlock over Smart City Kochi - Mar 29, 2010
- We are committed to Smart City, says developer (Lead) - Nov 25, 2009
- Kerala delaying Kochi project, insists Smart City Dubai - Dec 02, 2010
- Smart City Dubai is broke: Achuthanandan - Nov 18, 2009
- Smart City Dubai serves ultimatum to Kerala government - Dec 14, 2009
- Smart City project should go on with Dubai, demands Congress - Nov 18, 2010
- No freehold rights to Smart City Dubai for Kochi IT Park - Mar 10, 2010
- Kerala asks Smart City developer to stick to agreement - Nov 28, 2009
- 'CPI-M delayed Smart City project' - Oct 30, 2010
- Kerala government, opposition spar over Smart City Kochi project - Mar 30, 2010
- Kochi infotech project off the blocks - Feb 23, 2011
- Smart City Kochi will be a reality: Achuthanandan - Nov 25, 2009
Tags: board of directors, chief minister, contractual obligation, favour, framework agreement, goverment, kerala government, march 25, Press Release, smart city, v s achuthanandan