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
Technology

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Next Story
Real Estate

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Next Story
Equipment

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement