Kerala govt nods Rs 20.5 cr to purchase land for SilverLine project
Real Estate

Kerala govt nods Rs 20.5 cr to purchase land for SilverLine project

The Kerala government has allotted Rs 20.5 crore for purchasing land for the SilverLine project and has expedited the process.

As per the order released by the state transport department on December 31, the preparatory works for land purchase needs to be done immediately, and the managing director of the Kerala Rail Development Corporation Limited (K-Rail) has urged the government for the issue of the amount for the purpose.

A high-power committee meeting on major infrastructure development projects (MIDP) in the state, that was conducted on November 17, pondered the proposal from K-Rail and sanctioned it, and suggested the finance department render additional funds since the existing allocation under the MIDP has been earmarked already.

The state had committed Rs 473.03 crore for launching different infrastructure projects for the current financial year. The charge for the SilverLine project will be in addition to this allocation. Based on the high-power committee's recommendation, an additional cost of Rs 20.50 crore has been approved towards the setting up and contingency costs for the land purchase of the project. It comprises the costs for installing special units for land purchase and fulfilling all other costs for the operation of the units.

The government has already released an order for carrying out the social impact assessment study for the project in Kannur. It is of the stand that unless the land markings are made, it cannot establish how much the project would affect the people and how many families will have to be displaced.

The government approved a social impact assessment study in Kannur district to be done within 100 days and to be held by the social impact assessment unit, Kerala Voluntary Health Service, Mullankuzhy, Kottayam. A total of 106.2 hectares is to be purchased for the project from the Kannur district that comprises 19 villages in three taluks - Kannur, Payyanur and Thalassery. As per rule 10 of the land acquisition, rehabilitation and resettlement rules, 2015, a social impact assessment study is compulsory before obtaining land.

Image Source

Also read: Govt to propose development of 4 high-speed rail corridors

The Kerala government has allotted Rs 20.5 crore for purchasing land for the SilverLine project and has expedited the process. As per the order released by the state transport department on December 31, the preparatory works for land purchase needs to be done immediately, and the managing director of the Kerala Rail Development Corporation Limited (K-Rail) has urged the government for the issue of the amount for the purpose. A high-power committee meeting on major infrastructure development projects (MIDP) in the state, that was conducted on November 17, pondered the proposal from K-Rail and sanctioned it, and suggested the finance department render additional funds since the existing allocation under the MIDP has been earmarked already. The state had committed Rs 473.03 crore for launching different infrastructure projects for the current financial year. The charge for the SilverLine project will be in addition to this allocation. Based on the high-power committee's recommendation, an additional cost of Rs 20.50 crore has been approved towards the setting up and contingency costs for the land purchase of the project. It comprises the costs for installing special units for land purchase and fulfilling all other costs for the operation of the units. The government has already released an order for carrying out the social impact assessment study for the project in Kannur. It is of the stand that unless the land markings are made, it cannot establish how much the project would affect the people and how many families will have to be displaced. The government approved a social impact assessment study in Kannur district to be done within 100 days and to be held by the social impact assessment unit, Kerala Voluntary Health Service, Mullankuzhy, Kottayam. A total of 106.2 hectares is to be purchased for the project from the Kannur district that comprises 19 villages in three taluks - Kannur, Payyanur and Thalassery. As per rule 10 of the land acquisition, rehabilitation and resettlement rules, 2015, a social impact assessment study is compulsory before obtaining land. Image Source Also read: Govt to propose development of 4 high-speed rail corridors

Related Stories

Gold Stories

Next Story
Resources

NCC Founder and Padma Shri Awardee AVS Raju Passes Away at 89

Dr Alluri Venkata Satyanarayana Raju, founder and Chairman Emeritus of NCC Limited and a Padma Shri awardee, passed away in Hyderabad on 13 October 2026. He was 89.Born on 18 April 1937 in Antarvedipalem village in Andhra Pradesh's erstwhile East Godavari district, Raju began his entrepreneurial journey in 1956. He established Nagarjuna Construction Company (NCC) Limited in 1978, which subsequently emerged as one of India's leading construction and infrastructure companies.Under his leadership, NCC became a public limited company in 1990 and expanded into one of India's prominent listed constr..

Next Story
Infrastructure Transport

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code