Dubai: A meeting of the Board of Directors of SmartCity Kochi has approved the masterplan for the first phase of the proposed Rs.2,000 crore project being promoted by the Dubai based Tecom. The construction of SmartCity Kochi Phase I is now expected to start in July with a target of completion in 18 months.
This is the first time the Directors Board meeting was held in Dubai and was attended by Chief Minister, Shri Oommen Chandy; Minister for IT & Industries, Shri P K Kunjhalikutty; Minister of Norka Roots, Shri K C Joseph; P H Kurian IAS, Principal Secretary – IT; Ahmad Bin Byat, CEO, Dubai Holdings; Abdul Latheef Al Mulla, Vice Chairman, SmartCity Kochi; Dr. Baju George, MD, SmartCity Kochi and M A Yousuf Ali, Vice Chairman, Norka Roots.
According to reports, the first phase envisages the construction of the first building of 4 lakh sq. ft. at an investment of about Rs.200 crore. Out of the total 250 acres, the masterplan for only 50 acres has been approved by the Board now. Eight buildings spread over 15 lakh sq. ft. are proposed to come up on this 50 acres of which nine lakh sq. ft. will be dedicated to IT & ITeS and the rest for non-IT purposes. The masterplan for the rest of the area will be done later.
Seven years after the project was launched and five years after the foundation stone was first laid, the SmartCity Kochi project has made tardy progress. The much hyped about work on the project has been always behind schedule despite numerous announcements and deadlines by both parties.
SmartCity is a conglomerate promoted by Dubai Holding member, Tecom Investments, to develop and manage Knowledge Industry Townships Worldwide. SmartCity is based on the successful models of Dubai Internet City, Dubai Media City and Dubai Knowledge Village and provides state-of-the-art infrastructure, environment and support systems that promote the growth of knowledge-based companies.
Kerala IT News