National Transportation Planning and Research Centre (NATPAC) has submitted the feasibility report for the proposed monorail project from Technocity near Pallippuram to Neyyattinkara to the Government. NATPAC’s study has found feasible for the implementation of monorail in the capital city in the busy Technocity-Ulloor-Overbridge-Killipalam-Neyyattinkara corridor on a Design, Build, Finance, Operate and Transfer (DBFOT) mode.
The project, expected to reduce the dependence on personalized modes of transport and take away 40 per cent of road traffic, has been given the green signal in a feasibility study carried out by the National Transportation Planning and Research Centre.The study has also found that only minimum land acquisition is needed for the project, and will need around Rs.479 Cr for acquisition.The alignment formation is estimated to cost Rs.1,168 Cr and each monorail station building is to cost Rs. 8.26 Cr.
A total of Rs 5100 Cr is estimated for the entire phase of the project.The first phase will cost Rs.2,775 Cr and the second, Rs.2,324 Cr. The cost works out to Rs.125 Cr per km in the first phase and Rs.118.7 Cr a km in the second phase. The 19.6-km second phase from Thampanoor to Neyyattinkara will be ready for commissioning by January 2018.
The report, submitted to Chief Minister Shri Oommen Chandy on Wednesday in the presence of Minister for Transport Shri V.S. Sivakumar, says the 22.2-km first phase of the project, from Technocity to Thampanoor, can be commissioned by 2016 if the construction commences by 2013. The report has been forwarded to the Transport Department.
“The crucial Financial Internal Rate of Return (FIRR) has been found to be 7 per cent to 13 per cent and the economical internal rate of return has been found to be 12.6 per cent in the analysis and hence the project is feasible for implementation,” NATPAC Director Smt.B.G Sridevi who headed the study team along with scientists Shri.Tomy Cyriac and Shri.Shaheem S.
The first phase which starts from Technocity near Pallipuram and will pass through Kazhakkoottam, Ulloor, Kesavadasapuram, Pattom, Palayam, Statue, and culminate in front of the Sreekumar Theatre at Thampanoor. The second phase starts from Thampanoor and will pass through Karamana, Pappanamcode, Balaramapuram, and will end near Municipal Bus Station Neyyattinkara.
“Skywalk” has been proposed from Thampanoor to East Fort via Power House Road, to the KSRTC’s central station and to Trivandrum Central railway station. The monorail tickets are expected to cost around the same as that of the AC low-floor buses operating in the city.
News Sourced from “Metro Manorama” & “The Hindu”