KIIFB Sanctions Rs.8041 Cr For Projects
Highest amount of Rs 5.200 crore approved for transmission system development | By Yentha
On Jul 19, 2017


Trivandrum: In a major push for infrastructure development in the state, the Kerala Infrastructure Investment Fund Board (KIIFB) approved projects worth Rs 8,041 crore in various sectors. The highest amount of Rs 5,200 crore was approved for the development of transmission system. The high tech school programme being implemented by IT@School gets Rs.400 crore. Health sector too has received a major financial push for improving infrastructure facilities in hospitals, cancer care and modernization of hospitals.

The KIFFBI meeting which was presided over by the chief minister approved Direct Benefit Transfer (DBT) system through which money for projects is deposited by the board directly into the bank accounts of the service provider, supplier and contractors.

The Malabar Cancer Centre has been allotted Rs 170 crore for various development works. The Cancer Hospital and Research Centre Kochi has been allotted Rs.310 crore. The government medical college, Ernakulam, which is set to take up a series of development works, has also been given Rs.310 crore. The Public Works Department has been given Rs.605 crore for various roads and bridges projects across the state and Rs.217 crores for road over bridges.
The Water Resources Department has been sanctioned Rs.433 crore for drinking water supply schemes and Rs.100 crore for modernization of water transport in Alappuzha. 

In all, 53 projects were approved covering the departments of housing, general education, health and family welfare, power,  public works, water resources and SC/ST development. The projects submitted by various departments were examined in detail before granting approval. The proposed cost of these projects was Rs.9668.07 crore while the tentative recommended cost approved was Rs 8041 crore. During the first phase, projects worth Rs.4,022 crore were approved. The tender proceedings of the projects cleared earlier are progressing. Some of the projects of health and public works department have already reached implementation stage.
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