TECOM Payment Is For SmartCity Exit, Not Compensation: Pinarayi Vijayan

Kerala CM Pinarayi Vijayan clarified that the TECOM payment for its exit from the SmartCity project is not compensation but the cost of its 84% stake. He explained that the payment follows an independent evaluation and is a settlement of TECOM’s investment. He assured that the SmartCity Kochi project will remain under government control despite opposition allegations of a real estate agenda.