Kochi: The Delhi Metro Rail Corporation on Friday said it will not participate in the global tender process for implementing the Rs 5,000 crore Kochi Metro Rail Project.

"Why should we participate? DMRC has not participated in any tender in the country and has completed 250-odd km phase I and Phase II of the Delhi metro project," DMRC Project director P Sriram said.

Delhi Metro is an agency constituted by the Government of India and is not a contractor, he said.

Delhi Metro Chief E Sreedharan, known as 'Metro Man' was reportedly miffed after Kochi Metro Rail Ltd (KMRL) Managing Director Tom Jose informed the corporation that they had reached an agreement with Japan International Co-operation Agency to implement the project on the lines of Bangalore and Chennai metros for which an International tender has to be invited.

The DMRC was told that it could participate in the tender procedures and continue its association with the project.

DMRC will complete the basic infrastructure works of the North Over bridge and construction of railway over bridge near KSRTC bus stand, Sriram said.

After completing the two works, it would also close down its office here, he said.

"We are planning to hand over the work of the three other works -- the development of M G road, Banerjee road and Jose junction to Kochi Metro rail ltd," he told reporters here.

Meanwhile, Tom Jose said inviting global tenders was the "most transparent route" to implement the project. The global bid is what the Comptroller and Auditor General (CAG), Government of India and JICA would prefer, he said.