6 months ago
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The Kerala Infrastructure Investment Fund Board (KIIFB) has cleared a connection to make a peculiar intent conveyance (SPV) nether it for the implementation of the Vizhinjam-Kollam-Punalur Industrial and Economic Growth Triangle Project, Finance Minister K.N. Balagopal has said.
With the KIIFB approving the enactment of the SPV, steps are connected to unafraid the support of the State Cabinet truthful that it tin beryllium registered, Mr. Balagopal said portion addressing a property league present connected Monday (October 27, 2025) successful transportation with the 25th day celebrations of KIIFB.
The Growth Triangle project, cleared by KIIFB successful November 2024 and besides announced successful the 2025-26 State Budget, is designed to leverage the advantages of the Vizhinjam planetary seaport for the remainder of Kerala, according to Mr. Balagopal.
It is expected to energise manufacture successful southbound Kerala and besides nexus the coastal regions, cardinal Kerala and the precocious ranges done main roadworthy and obstruction arteries. Studies and steps to place the required onshore person begun, helium said.
Silver jubilee celebrations
Chief Minister Pinarayi Vijayan volition inaugurate the metallic jubilee celebrations of KIIFB astatine Nishagandhi Auditorium successful Thiruvananthapuram connected November 4. KIIFB main enforcement serviceman K.M. Abraham volition contiguous a insubstantial connected ‘Nava Kerala Vision and KIIFB’ connected the occasion. Mr. Balagopal volition preside implicit the relation which volition statesman astatine 6 p.m.
Mr. Balagopal said KIIFB has emerged arsenic a “trusted authorities instrument” for ushering successful alteration and development.
Coming into beingness connected November 11, 1999, KIIFB took its contiguous signifier with a instrumentality amendment successful 2016. KIIFB has truthful acold approved 1,190 projects worthy ₹90,562 crore. It has truthful acold spent ₹37,388 crore. Projects worthy ₹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, helium said.
Allays indebtedness outgo concerns
Mr. Balagopal said determination was nary request for interest implicit indebtedness repayments of KIIFB arsenic it follows “a well-planned and robust plus liability absorption system.”
Mr. Balagopal said helium did not spot a script wherever the repayments would beryllium hit.
He besides reiterated the government’s plans to person much revenue-generating schemes nether KIIFB successful future.
Mr. Abraham and Additional CEO Mini Antony were besides present.
