Rs 600 Crore projects planned in Kochi
At the state department of Urban Affairs organized “Partner Kerala Summit”, the Greater Cochin Development Authority (GCDA) and the Kochi Corporation have unveiled projects worth over Rs 600 Crore.
While the Kochi Corporation is showcasing projects including commercial complexes and hubs at key locations in the city amounting to Rs 244 crore, the GCDA proposed Rs 360 crore worth projects for setting up shopping malls at Manapattiparambu, Dr Ambedkar stadium, and a regional sports complex at Mundamvely, under the public private partnership. Manjalamkuzhi Ali, minister for Urban Affairs and Welfare of Minorities said, “The proposals once materialized, would have the potential to transform the city in to a major commercial hub. We hope to rope in key private players for developing the projects.”
These projects are a part of more than 100 proposals presented before potential investors at the two-day Partner Kerala Summit. The meet is an attempt to mobilize resources for cash-strapped corporations and municipalities.
The proposed shopping mall at Manapattiparambu has been planned to come up as a world-class commercial space. The Rs 181.89 crore project would come up on 2.7 acres owned by the GCDA on the eastern side of the RBI compound.
Regional sports complex at Mundamvelly is another key venture proposed by the GCDA. It is about 10 km south of Ernakulam. The Rs 50.19 crore complex will house an indoor stadium, swimming pool, tennis court, health club, library and accommodation facility for players.
Plans to introduce a passenger ropeway at Marine Drive were also showcased by the GCDA. The ropeway, it is believed, would help general public enjoy a panoramic view of the backwaters and the Arabian Sea and Cochin Port. Also under consideration is a tunnel marine aquarium and entertainment park on the land owned by it behind the high court.
It also plans to install a tethered helium balloon at the Marine Drive ground. It will have amenities and utilities and will have the capacity to carry 30 passengers at a time. It has identified a 3,600-sqm site for the same.
Source: Business Standard
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