Rs 2.39 billion assigned for Kochi Metro's second phase

09 Feb 2024 CW Team

In his budget speech, Finance Minister K N Balagopal made allocations for various ongoing projects in Kochi.

He mentioned that the only major fresh project for Kochi in the 2024-25 budget was the international residential-commercial complex at Marine Drive, costing Rs 21.50 billion. However, he pointed out that no funds had been earmarked for the same.

An important allocation was Rs 2.39 billion for the second phase of the Kochi Metro rail, from Palarivattom to Infopark at Kakkanad. The preparatory works for this phase are underway, and the allocation is expected to support land acquisition and other preliminary activities.

The state government successfully acquired 600 acres for the Petrochemical Park at Ambalamugal, with 481 acres transferred to Kinfra for the park's establishment. Several companies have initiated their projects at the park. A sum of Rs 130 million has been allotted for various infrastructure development works in the park.

For the Cochin Cancer Research Centre (CCRC), the budgetary allocation stands at Rs 140.5 million. The project, amounting to Rs 3.7 billion, is rapidly nearing completion.

In the industry sector, Rs 2 billion has been allocated for the Kochi-Bengaluru industrial corridor, and Rs 170 billion for industrial parks in Kochi, Perumbavoor, and Palakkad. Notably, there is no mention of the Gift City project at Ayyampuzha near Angamaly in the budget.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..