7 months ago
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Chief Minister Pinarayi Vijayan volition inaugurate the metallic jubilee celebrations of the Kerala Infrastructure Investment Fund Board (KIIFB) present connected Tuesday.
Souvenirs successful English and Malayalam connected KIIFB and bot bundle connected the instauration volition beryllium launched connected the occasion. Awards for the champion implementation agencies of KIIFB projects and contractors volition besides beryllium fixed distant astatine the function.
Finance Minister K.N. Balagopal volition preside implicit the lawsuit scheduled astatine 6 p.m. astatine Nishagandhi Auditorium. Coming into beingness connected November 11, 1999, KIIFB took its contiguous signifier with a instrumentality amendment successful 2016 nether the past Left Democratic Front (LDF) government.
According to the government, KIIFB has to day approved 1,190 projects worthy ₹90,562 crore crossed assorted sectors. It has truthful acold spent ₹37,388 crore. Projects amounting to ₹21,881 crore person been completed, and enactment connected projects amounting to ₹27,273 crore are successful progress.
Public Works section accounts for the highest fig of projects; 516 projects worthy a full of ₹34,330 crore. The different apical allocations are arsenic follows: Water Resources (₹6,995 crore), Health (₹6,670 crore), Power (₹6,200 crore), Coastal Shipping an Inland Navigation (₹3,518 crore) and General Education (₹3,220 crore).
In the coming years, KIIFB volition beryllium steering captious infrastructure improvement projects, including the Vizhinjam-Kollam-Punalur Industrial and Economic Growth Triangle Project. The authorities has besides announced plans to person much revenue-generating projects nether KIIFB.
KIIFB CEO K.M. Abraham volition marque a presumption connected ‘Nava Kerala Vision and KIIFB’ astatine Tuesday’s event. Ministers and authorities officials volition beryllium present.
