The deadlock between the Kerala government and Smart City Dubai continued over the fate of the proposed Rs.1,500 crore Smart City Kochi project, with the latter making it clear that arbitration would be their last resort.
As expected, the 23rd board meeting of Smart City Kochi held here Friday, ended in 20 minutes only with no decision taken on the contentious issue of giving 12 percent free hold rights to Smart City Dubai - the builders of the project.
In the post-meeting press conference, the two parties continued to stick to their respective stands.
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