Partner Kerala day 1 nets 41 EoIs worth over Rs. 1863 cr


Kochi: Scripting a success, the Partner Kerala Meet on the first day has witnessed signing of 41 Expression of Interests (EoIs) worth over Rs. 1,863 crores between the private players and the state government. The EoIs were signed for developing various infrastructure projects under the PPP model in urban centres.

Minister for Urban Affairs, Shri Manjalamkuzhi Ali said that the Meet had turned out to be a huge success with a lot of investors coming forward to invest in projects showcased at the meet. “The majority of local investors have come forward to contribute to the development of their respective areas and not solely with a profit motive. We will form a State-wide expert committee to expedite the process of finalising the projects”.

He said that the government would opt for either Swiss challenge process or open tender process for selecting the private investor. “We want to complete the entire process in a transparent manner,” he added.

The EoIs were signed in projects like Thrissur Corporation’s Sakthan Nagar Development (Rs. 700 crore), Thiruvananthapuram Corporation’s Chalai waste treatment plant (Rs. 30 crore), Kochi corporation’s shopping complex projects at Edapally and Kacheripaddy (Rs. 55 crore each), GCDA’s Mundamvelli regional sports complex (Rs. 50.19 crore) and shopping mall at Dr Ambedkar Stadium (Rs. 126 crore) and Palakad Municipality’s Indira Gandhi municipal stadium (Rs. 60 crore) and an indoor stadium (Rs. 150 crore).

The Meet also discussed multi-crore projects unveiled by urban local bodies of Kollam, Thiruvananthapuram, Kochi, Thrissur and Kozhikode. Over 500 delegates eagerly interacted with the representatives of these local bodies aimed at learning more about the commercial prospects of the projects.

Earlier, inaugurating the two day meet, Union Minister for Overseas Indian Affairs, Shri Vayalar Ravi said that the Partner Kerala Meet was an innovative model which could be replicated elsewhere in the country. The meet would help corporations, municipalities and development authorities to attract investments for the infrastructure projects that could benefit people.

“This Meet is a new platform for the local bodies to find funds for the development projects. The rest of the country could follow this model to develop the urban centres,” he added.

Kerala Biz News


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