State govt to invite EoI for Marine Drive project soon
ECONOMY & POLICY

State govt to invite EoI for Marine Drive project soon

The long-pending Marine Drive extension project from Queen's Walkway to the northern area of the city is moving closer to reality, as the state government is preparing to invite expressions of interest (EoI) for the appointment of a project consultancy in the coming weeks. A final discussion on the project and the EoI conditions was held by officials from the Greater Cochin Development Authority (GCDA) and the Kerala Infrastructure Investment Fund Board (KIIFB), the funding agency, a few days ago, with the EoI expected to be published soon.

The project, which aims to extend Marine Drive northwards towards Vaduthala, will be implemented in three phases. The first phase will develop the area from Queen'?s Walkway to the Vaduthala rail viaduct as an open space for visitors. The project area, according to the concept document, stretches from Queen's Walkway in the south to Cheranalloor Grama Panchayat in the north, including Vaduthala, Pachalam, and Mulavukad Island in the east.

GCDA Chairman K Chandran Pillai indicated that the total project cost is approximately Rs 20 billion. He mentioned that they are exploring partnerships with private players through the issuance of EoI to mobilise such a substantial amount. It is understood that around 300 acres will be acquired for the Phase I works, with affected families to be rehabilitated in the same area.

GCDA is considering adopting land pooling methods for the project's implementation. This involves a group of landowners collectively handing over their parcels for public projects or infrastructure development. After the rearrangement of plots and infrastructure development, the remaining land is returned to the original owners. Although owners will only receive 60% of their original land, its value is expected to increase three to four times. It is anticipated that land pooling will help reduce project costs. Despite receiving in-principle approval from the government in April 2022, the project experienced several months of delay.

The long-pending Marine Drive extension project from Queen's Walkway to the northern area of the city is moving closer to reality, as the state government is preparing to invite expressions of interest (EoI) for the appointment of a project consultancy in the coming weeks. A final discussion on the project and the EoI conditions was held by officials from the Greater Cochin Development Authority (GCDA) and the Kerala Infrastructure Investment Fund Board (KIIFB), the funding agency, a few days ago, with the EoI expected to be published soon. The project, which aims to extend Marine Drive northwards towards Vaduthala, will be implemented in three phases. The first phase will develop the area from Queen'?s Walkway to the Vaduthala rail viaduct as an open space for visitors. The project area, according to the concept document, stretches from Queen's Walkway in the south to Cheranalloor Grama Panchayat in the north, including Vaduthala, Pachalam, and Mulavukad Island in the east. GCDA Chairman K Chandran Pillai indicated that the total project cost is approximately Rs 20 billion. He mentioned that they are exploring partnerships with private players through the issuance of EoI to mobilise such a substantial amount. It is understood that around 300 acres will be acquired for the Phase I works, with affected families to be rehabilitated in the same area. GCDA is considering adopting land pooling methods for the project's implementation. This involves a group of landowners collectively handing over their parcels for public projects or infrastructure development. After the rearrangement of plots and infrastructure development, the remaining land is returned to the original owners. Although owners will only receive 60% of their original land, its value is expected to increase three to four times. It is anticipated that land pooling will help reduce project costs. Despite receiving in-principle approval from the government in April 2022, the project experienced several months of delay.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?