Partner Kerala to feature projects worth Rs.2,000 crores

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Kochi, Nov 26: Kerala’s Department of Urban Affairs (DUA) is expecting to rake in investments worth about Rs.2,000 crore for over 100 key projects through its ‘Partner Kerala meet’ to be held in Kochi on December 19-20, with the aim of developing basic infrastructure in major cities through public-private partnership.

The two-day ‘Partner Kerala’ Urban Development Meet, to be held in Kochi, is an attempt at mobilising resources for cash-strapped corporations that are unable to keep pace with the rising demand for amenities in rapidly expanding cities.

Addressing a press conference, Minister for Urban Affairs Shri Manjalamkuzhi Ali pointed out that hundreds of potential investors from around the country and overseas, and within Kerala are expected to take part in the meet which will showcase investment opportunities across a number of areas.

These include necessities such as waste management, sewerage, flyovers, bridges and parking lots, bus terminals, comfort stations and markets; amenities like shopping complexes, convention centres and multiplex cinema halls and amusement parks, besides parks, town beautification, street lights and hoardings. Projects best suited for the layout, density and geography of each city will be presented at the event, he said.

Some of the major projects proposed for the meet include Thrissur Corporation’s development of Sakhthan Nagar (estimate Rs.700 crore); Calicut Development Authority’s Palayam Area Re-Development (Rs.865.6 crore) and Big Bazar Area Development (Rs.750 crore); Trivandrum Development Authority’s Palayam Area Development (Rs.230 crore); Greater Cochin Development Authority’s shopping malls at Manapattiparambu (Rs.182 crore) and Ambedkar stadium (Rs.126 crore); construction of bus stand-cum-market having multi-level car parking complex at Kottakal (Rs.233.38 crore); municipal mall at Kannur (Rs.113 crore); and Sabarimala edathavalam transit yard at Pathanamthitta (Rs.17 crore).

Besides investors from abroad, the main objective of the road shows to be held in the State is to attract local investors who are willing to join hands with the government on setting up basic infrastructure in major cities. Investors can log on to partnerkerala.com for free online registration for the meet and the road shows.

The Department of Urban Affairs (DUA) is hoping that the upcoming meet, organised along the lines of the ‘Emerging Kerala’ event, will attract investments into projects intended at developing basic infrastructure from socially-committed investors.

E Devadasan IAS, Director of Urban Affairs; and Kabeer C Haroon, co-ordinator of the Partner Kerala meet were present during the press conference.

Kerala Biz News

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