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 the tender was invited to develop infrastructure at Puthussery Central and Kannambra parts of Palakkad Smart City (integrated manufacturing cluster).
“The first phase package is estimated at Rs 11 billion with a goal of completing within four years. The estimated cost covers the development activities of 1,400 acres of land that have been obtained. The tender is EPC (engineering, procurement and building) and includes covering works including engineering, construction, construction and maintenance,” the version said.
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).
Special vehicles
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 spent Rs 1489 crore on land acquisition through the Kerala Infrastructure Investment Fund Board (KIIFB), and the centre will spend Rs 17899 crore on infrastructure development in the project sector.
“As the state government handed over the land in which it was located to the SPV, the first stocks of the stock were transferred to the SPV by the state and central government in December 2024, respectively, with the central share being paid in the stage.”
It said that the Kinfra land is 220 acres as the state shares transferred the state shares in March 2025, with the second equity stake accounting for Rs 209 crore in the center.
publishing – May 14, 2025 at 10:34 pm IST
