Kolkata monorail project likely to begin from March

The Rs 12-billion monorail project is likely to begin from March 2009. City-based Andromeda Technologies has been finalised as the financial partner for the project.

"We are in talks with several overseas financial equity partners for the project. The company will start work in March 2009 and the project is expected to be completed by 2011-12," Andromeda Technologies promoter P C Sen said on Friday.

Sen has roped in Derap AG and Hebling Technik AG of Germany as technology partners for the project.

Though initially the coaches will be imported, Sen is in talks with manufacturers for local production.

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