Government grants extension to Kochi's smart city project
SMART CITIES

Government grants extension to Kochi's smart city project

The Smart City project in Kochi has finally put an end to the uncertainty surrounding its future, as the Union government has granted an extension until June 2024. This decision comes as a relief, as numerous projects initiated by the CSML would have faced a crisis without this extension.

With the additional time granted, the CSML can now focus on implementing several ongoing projects. Hibi Eden, MP, played a significant role in advocating for the extension of the project. He took up the matter with Rajiv Ranjan Singh, the head of the urban affairs standing committee of the Parliament.

To date, the CSML has successfully completed 20 projects within the city. Additionally, the tendering process for two more projects is currently underway, while approximately 30 projects are in the implementation stage. Without the extension from the central government, significant obstacles would have impeded projects such as the Rs 72 crore Ernakulam Market renovation and the Rajiv Awas Yojana (RAY) housing project, both of which have experienced delays due to various reasons.

The decision to extend the Smart City project until June 2024 provides the CSML with much-needed breathing space to carry out ongoing initiatives successfully. This extension ensures that critical projects can continue unhindered, benefitting the city of Kochi and its residents.

The Smart City project in Kochi has finally put an end to the uncertainty surrounding its future, as the Union government has granted an extension until June 2024. This decision comes as a relief, as numerous projects initiated by the CSML would have faced a crisis without this extension.With the additional time granted, the CSML can now focus on implementing several ongoing projects. Hibi Eden, MP, played a significant role in advocating for the extension of the project. He took up the matter with Rajiv Ranjan Singh, the head of the urban affairs standing committee of the Parliament.To date, the CSML has successfully completed 20 projects within the city. Additionally, the tendering process for two more projects is currently underway, while approximately 30 projects are in the implementation stage. Without the extension from the central government, significant obstacles would have impeded projects such as the Rs 72 crore Ernakulam Market renovation and the Rajiv Awas Yojana (RAY) housing project, both of which have experienced delays due to various reasons.The decision to extend the Smart City project until June 2024 provides the CSML with much-needed breathing space to carry out ongoing initiatives successfully. This extension ensures that critical projects can continue unhindered, benefitting the city of Kochi and its residents.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement