Trivandrum: Urban centres in Kerala are expected to witness a massive wave of infrastructure growth in the coming years with the Department of Urban Affairs (DUA) launching a major initiative seeking partners for key development projects.
The ‘Partner Kerala’ Urban Development Meet is being launched with the objective of attracting investments worth about Rs. 2,000 crore for over 100 projects in major cities in the state through public-private partnership. The two-day meet which was to be held in December, 2013 will now be held in Kochi on February 24-25.
In a release, Minister for Urban Affairs, Shri Manjalamkuzhi Ali said that the meet was an attempt to mobilise resources for cash-strapped corporations and municipalities which were unable to develop amenities in rapidly expanding cities.
“Hundreds of potential investors from not only Kerala but also within the country and abroad are expected to take part in the meet which will showcase investment opportunities in a number of projects basically focusing on waste management, sewerage, flyovers, bridges and parking lots, bus terminals, comfort stations and markets,” the Minister said.
Projects like shopping complexes, convention centres, multiplex cinema halls, amusement parks, town beautification, street lights and hoardings, would also be showcased at the meet.
Some of the major projects proposed include Thrissur Corporation’s development of Sakhthan Nagar (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 tand-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).; and City Centre project of the Kochi Corporation at Kacheripadi (Rs. 55 crore).
DUA is hoping that the upcoming meet, organised on the lines of the ‘Emerging Kerala’ event, will attract investments in the projects. The city corporations have started to develop project proposals for presentation at the meet and the DUA has published a list of experts who will assist the corporations in preparing the detailed project reports.
Kerala Biz News