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Tuesday, Feb 17, 2004

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Private capital for 21 projects in Kerala

Our Bureau

THIRUVANANTHAPURAM: The Department of Local Affairs has entrusted the joint venture ICICI-Kinfra with the task of assessing the feasibility of 21 projects proposed to be implemented using private investments, according to the Local Affairs Minister, Mr Cherkalam Abdulla.

When implemented on a build, operate and transfer basis, these projects would bring in cumulative investments of Rs 150 crore, the Minister said here. Expression of Interest documents have been handed over in respect of those project proposals, draft schemes of which were presented in the Global Investors Meet held last year.

As per this, sanction has been accorded for the implementation of the bus stand at Thavakkara in Kannur, a market complex at Badagara, a stadium complex at Tirur, a recreation centre at Changanassery, the town market at Attingal and bus stations at Kumbala, Chengala and Attingal.

This apart, feasibility study pertaining to 13 different projects involving wholly private sector investment of Rs 105.5 crore was under various stages of completion in crore in Kannur, Kozhikode, Kochi, Kozhenchery, Aluva, Kollam, Kottayam, Idukki and Kallara, the Minister added.

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