+
Kerala KIIFB Approves 32 Projects Worth Rs 743.37 Crore
ECONOMY & POLICY

Kerala KIIFB Approves 32 Projects Worth Rs 743.37 Crore

The Kerala Infrastructure Investment Fund Board (KIIFB) has recently approved a total of 32 projects with a combined estimated value of Rs 743.37 crore. These projects span various sectors, including public works, healthcare, tourism, and education, reflecting the state’s continued commitment to improving infrastructure and delivering better public services to its citizens. The approval was granted at a meeting of the KIIFB governing body, which included key government officials and department heads.

Among the most prominent projects approved is the construction of a state-of-the-art district hospital in Thiruvananthapuram, Kerala’s capital. This new facility will provide comprehensive medical services to a population of over 4 million people in the region and is expected to alleviate the pressure on existing healthcare facilities, which have been struggling to meet the growing demand for medical care.

Additionally, KIIFB has approved the development of a major industrial corridor that will connect the Vizhinjam seaport to Thiruvananthapuram and Punalur, a project aimed at enhancing the connectivity of the state’s industrial zones. The industrial corridor will boost the region’s economic development by improving transportation infrastructure and attracting new investment to the area.

In the field of education, the KIIFB has approved the establishment of a Center of Excellence in Mathematics, which will provide world-class research and educational facilities in the field of mathematics and related sciences. The center will serve as a hub for academic and professional excellence, contributing to Kerala’s growing reputation as a knowledge-based economy.

Other approved projects include initiatives focused on the expansion and modernization of roads, bridges, and tourism infrastructure across the state. The government has emphasized the importance of sustainable urban development in all these projects, ensuring that they align with Kerala’s long-term vision of environmental sustainability and social inclusivity.

The KIIFB’s approval comes at a time when the state is looking to fast-track development projects to meet the growing demands of urbanization. With Kerala experiencing rapid population growth, particularly in its urban centers, these projects will help address critical infrastructure gaps in transportation, healthcare, and education, among others.

Since its inception, KIIFB has sanctioned 1,147 projects worth a staggering Rs 87,378 crore, making it one of the most influential funding bodies in the state. The organization’s approach, which blends innovative financial instruments with public-private partnership models, has helped Kerala move forward in its goal of improving infrastructure while maintaining fiscal responsibility.

The approved projects will be executed in phases, and they are expected to bring significant improvements to the quality of life for the people of Kerala. The government’s focus on development is seen as a vital part of Kerala’s continued economic growth, ensuring that the state remains a key player in India’s overall infrastructure development.

The Kerala Infrastructure Investment Fund Board (KIIFB) has recently approved a total of 32 projects with a combined estimated value of Rs 743.37 crore. These projects span various sectors, including public works, healthcare, tourism, and education, reflecting the state’s continued commitment to improving infrastructure and delivering better public services to its citizens. The approval was granted at a meeting of the KIIFB governing body, which included key government officials and department heads. Among the most prominent projects approved is the construction of a state-of-the-art district hospital in Thiruvananthapuram, Kerala’s capital. This new facility will provide comprehensive medical services to a population of over 4 million people in the region and is expected to alleviate the pressure on existing healthcare facilities, which have been struggling to meet the growing demand for medical care. Additionally, KIIFB has approved the development of a major industrial corridor that will connect the Vizhinjam seaport to Thiruvananthapuram and Punalur, a project aimed at enhancing the connectivity of the state’s industrial zones. The industrial corridor will boost the region’s economic development by improving transportation infrastructure and attracting new investment to the area. In the field of education, the KIIFB has approved the establishment of a Center of Excellence in Mathematics, which will provide world-class research and educational facilities in the field of mathematics and related sciences. The center will serve as a hub for academic and professional excellence, contributing to Kerala’s growing reputation as a knowledge-based economy. Other approved projects include initiatives focused on the expansion and modernization of roads, bridges, and tourism infrastructure across the state. The government has emphasized the importance of sustainable urban development in all these projects, ensuring that they align with Kerala’s long-term vision of environmental sustainability and social inclusivity. The KIIFB’s approval comes at a time when the state is looking to fast-track development projects to meet the growing demands of urbanization. With Kerala experiencing rapid population growth, particularly in its urban centers, these projects will help address critical infrastructure gaps in transportation, healthcare, and education, among others. Since its inception, KIIFB has sanctioned 1,147 projects worth a staggering Rs 87,378 crore, making it one of the most influential funding bodies in the state. The organization’s approach, which blends innovative financial instruments with public-private partnership models, has helped Kerala move forward in its goal of improving infrastructure while maintaining fiscal responsibility. The approved projects will be executed in phases, and they are expected to bring significant improvements to the quality of life for the people of Kerala. The government’s focus on development is seen as a vital part of Kerala’s continued economic growth, ensuring that the state remains a key player in India’s overall infrastructure development.

Next Story
Infrastructure Urban

IndusInd Bank Opens All-women Branch in Chennai, Tamil Nadu

IndusInd Bank announced that it has opened an all-women branch in Chennai, Tamil Nadu. Located at Saveetha Dental College, Velappanchavadi, this is the 12th all-women branch established by the Bank in country. Through this initiative, IndusInd Bank aims to offer women customers more comfortable and convenient space for availing banking services.Spread across 1300 sq ft, the all-new branch is managed by a team of five dedicated women bankers and offers a full suite of IndusInd Bank’s retail banking services, including savings and current accounts, fixed deposits, recurring deposits as well as..

Next Story
Infrastructure Urban

Shimona Chadha Appointed Chief Marketing Officer at Persistent

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, today announced the appointment of Shimona Chadha as Chief Marketing Officer. She will be responsible for driving the Company’s global marketing strategy, strengthening brand positioning, and enabling business growth through integrated marketing initiatives.With more than two decades of experience across B2B, B2C, and B2B2C segments, Shimona has led marketing transformations that unlock business value and accelerate growth. She joins Persistent from HCLTech, where she served as Vice President and Head of..

Next Story
Infrastructure Urban

Tinna Rubber Raises Rs 780.7 Mn via QIP Equity Placement

Tinna Rubber, one of Asia’s largest End of Life Tyres recycling companies, announced the successful completion of its QIP, fund raising for Rs 780.70 million by issuing approx 8.86 lakh equity shares to Qualified Institutional Buyers (QIB) in compliance with SEBI ICDR Regulations. The Fund Raising Committee authorised by the Board, in its meeting on June 27, 2025, approved the pricing and allotment in the QIP to eligible QIBs.This marks the first ever QIP by the Company. The offering witnessed participation from reputed long-only institutional investors like ICICI Prudential Mutual Fund, JM ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?