Within a month of the Kerala government and Smart City Dubai resolving their differences over Smart City Kochi, the much-delayed Rs15 billion (Dh1.21 billion) infotech project took another step forward with the lease agreement being registered here on Wednesday.
The first board meeting, being held here after the inking of the memorandum of agreement between the two sides, approved the lease agreement and cleared the way to get the registration process completed at a sub-registrar office near the city with clear cut guidelines that at no cost should the land be sold.
It was more than three years ago that the foundation stone for the project was laid.
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