Kochi Metro Rail Ltd. has received information about the possibility of fraudulent agents approaching job seekers and promising them employment in KMRL. All concerned are cautioned not to deal with any individual, institution or unauthorised agency claiming to represent KMRL in any recruitment process.
The Kerala government hoped the Centre would approve a funding structure similar to that used for the Delhi Metro, but they were turned down.[7] The Union Government supported using public–private partnership(PPP) on the build-operate-transfer model.[8] The LDF state government wanted it to be in public sector, which was not accepted to the Central Government. The victory of the United Democratic Front (UDF) in the2011 Kerala legislative assembly elections, changed the scenario in the state[9] and it was decided that the Kochi Metro would follow the Chennai Metro and Delhi Metro models, and would be implemented on a joint venture basis, with investments by the Central and State Government. A Cabinet decision was taken to form aspecial purpose vehicle (SPV) called Kochi Metro Rail Ltd. (KMRL) as per orders from Planning Commissionand the Union Government for the implementation, operation and maintenance of the metro project.[10]
The Public Investment Board (PIB) cleared the project on 22 March 2012 subject to final approval by the Union Cabinet.[11] The Union Government's share of the cost would be 20.26%, or ₹1,002.23 crore(US$150 million).[12] On 28 March 2012, at a KMRL board meeting, the decision was taken to entrust the Kochi Metro rail project work to the DMRC. The number of metro stations on the line was set at 22.[13][14] On 3 July 2012, Union Government gave final clearance to the project. Then Managing Director of KMRL, Tom Jose said, "Now we will sit down with our valued partner, DMRC, and chalk out the way forward, obtaining advice and guidance from former DMRC Chief, E Sreedharan. We aim to complete the project within a span of 3 to 4 years." [15]
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