Thiruvananthapuram: The Kerala government has invited tenders for a major infrastructure development project as part of the Parakhad Smart City Initiative, which belongs to the Kochi Bangalore Industrial Corridor.
Kerala Industrial Infrastructure Development Corporation (Kinfra) said in a press release on Wednesday that it has invited tenders to develop infrastructure (integrated manufacturing cluster) at Puthussery Central and Kannambra in Palakkad Smart City.
“The first phase package estimated at Rs 1,100 crore is a goal completed within four years. The estimated cost covers development activities on 1,400 acres of land that have been obtained. The tender is EPC (engineering, procurement and building), which covers EPC (including engineering, procurement and building), covering design, construction and maintenance.”
It further said that the critical infrastructure components of the project include internal roads, drainage systems, bridges, water supply networks, fire protection systems, water reuse systems, sewer lines, sewer lines, power distribution systems, sewer treatment plants, industrial wastewater collection systems and wastewater treatment plants.
It said the master plan and detailed project report (DPR) for the project has been completed and the project will be coordinated by Kerala Industrial Corridor Development Company Limited (KICDC).
It added that KICDC is a special purpose tool (SPV) jointly established by the National Industrial Corridor Development and Implementation Trust (NICDIT) and the Kerala Government and has an equal equity partnership.
The release said that so far, the state government has conducted Rs 1,489 crore in funding through the Kerala Infrastructure Investment Fund Board (KIIFB) for land acquisition, and the centre will spend Rs 1,789.92 crore on infrastructure development in the project sector.
It said: “As the state government handed over the land in which it lives to the SPV, the first stocks of the stock will be transferred to the SPV by the state and central government in December 2024 for 110 acres and Rs 104.5 crore respectively.”
It said that the second equity shares of the state equity were transferred in March 2025, with Kinfra land at 220 acres.
