Ernakulam’s green corridor project hits roadblock

23 Jun 2023 CW Team

A 2.5-km-long ‘green corridor’ proposed between Ernakulam North and Ernakulam South railway stations to cater to pedestrians, bicycle riders, two-wheelers and e-autorickshaws, has hit a roadblock due to fund shortage. The 12-m width corridor was aimed at providing connectivity between the stations and decongesting MG Road and Banerjee Road. The corporation was planning to implement the project with $1 million aid from the European Union under the Mobilize Your City programme. The feasibility report of the project was prepared in July 2020.

It is learnt that the finance department is not keen on taking up the project as receiving $1 million aid would be a liability for the state, which is already facing crisis due to increasing debts.

When the corporation authorities approached the finance minister, the minister had pointed out practical difficulties of spending huge amounts for the project through foreign aid.

Mayor M Anilkumar said that the corporation cannot go ahead with the project without major fund allocation by the government.

“We have so many other infrastructure projects pending for completion in the city, including Thammanam-Pullepady Road development, KP Vallon Road development, Goshree-Mamangalam Road, Bund Road, etc. We have to give priority to them now,” he said.

The mayor added that the green corridor project has not yet dropped and is still under consideration.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..