1. Home
  2. Infrastructure Transport
  3. ROADS & HIGHWAYS
  4. KIIFB allots Rs 117 crore for Vazhayila-Nedumangad project
KIIFB allots Rs 117 crore for Vazhayila-Nedumangad project
ROADS & HIGHWAYS

KIIFB allots Rs 117 crore for Vazhayila-Nedumangad project

28 Jun 2023 2 Min Read CW Team
The proposed four-laning of the Vazhayila-Nedumangad stretch, part of the Thiruvananthapuram-Tenkasi interstate highway, has moved a step forward with the Kerala Infrastructure Investment Fund Board (KIIFB) allotting a fund of Rs 117 crore for the project. The sanctioned fund will be used for the land acquisition of the first reach of the stretch from Vazhayila to Ettamkallu.

Meanwhile, the Kerala Road Fund Board (KRFB), which is the executing agency of the 11.3km-long road development project, will re-issue the tender for the construction of the Karakulam bridge, which is the only bridge on the stretch.

Though the agency had floated a tender in April, only one bidder participated and hence, it was declared invalid. Subsequently, the tender was re-issued on June 22, but no one participated. The agency will fix the date for the next re-tender soon.

Welcoming the fund grant from the KIIFB, a top official of the KRFB said, “We are in the process of calling a tender again for the Karakulam bridge. It will not be delayed since we need to start the construction of the bridge within two months at the very least. The date for the same will be fixed soon. If there is only one bidder when the next tender is called, we will accept it and go ahead with further proceedings.”

Once the tender is opened, there will be a technical and financial evaluation of the bid before it is finalised. The KIIFB had already allotted a fund of Rs 4 crore for the bridge. The tender for the main carriageway would only be called after the completion of the land acquisition proceedings.

The proposed four-laning of the Vazhayila-Nedumangad stretch, part of the Thiruvananthapuram-Tenkasi interstate highway, has moved a step forward with the Kerala Infrastructure Investment Fund Board (KIIFB) allotting a fund of Rs 117 crore for the project. The sanctioned fund will be used for the land acquisition of the first reach of the stretch from Vazhayila to Ettamkallu.Meanwhile, the Kerala Road Fund Board (KRFB), which is the executing agency of the 11.3km-long road development project, will re-issue the tender for the construction of the Karakulam bridge, which is the only bridge on the stretch.Though the agency had floated a tender in April, only one bidder participated and hence, it was declared invalid. Subsequently, the tender was re-issued on June 22, but no one participated. The agency will fix the date for the next re-tender soon.Welcoming the fund grant from the KIIFB, a top official of the KRFB said, “We are in the process of calling a tender again for the Karakulam bridge. It will not be delayed since we need to start the construction of the bridge within two months at the very least. The date for the same will be fixed soon. If there is only one bidder when the next tender is called, we will accept it and go ahead with further proceedings.”Once the tender is opened, there will be a technical and financial evaluation of the bid before it is finalised. The KIIFB had already allotted a fund of Rs 4 crore for the bridge. The tender for the main carriageway would only be called after the completion of the land acquisition proceedings.

Next Story
Resources
19 Nov 2024

Workplace Solutions Company IndiQube, Surpasses 100 Properties Milestone

Workplace solutions company, IndiQube has surpassed the 100 properties milestone. The company that started nine years ago with a single property in Bengaluru has now expanded across 14 cities and caters to 700+ clients. Today, the company has a portfolio of over 7.2 million square feet with presence across major tier I cities including Bengaluru, Pune, Chennai, Hyderabad, Mumbai, Gurgaon and Noida. Also, post pandemic the company has made its foray into tier II cities including Coimbatore, Jaipur, Madurai, Kochi, Vijayawada, Calicut and Mohali. In Bengaluru, IndiQube has 59 properties cove..

Read More
Next Story
Infrastructure Transport
19 Nov 2024

Ashoka Buildcon turns lowest bidder for Rs 27.91 billion NHAI projects

Ashoka Buildcon Ltd announced on November 18, 2024, that it has emerged as the lowest bidder (L-1) for two National Highways Authority of India (NHAI) projects in West Bengal, with a combined value of Rs 27.91 billion. These Engineering, Procurement, and Construction (EPC) projects will be executed under the Hybrid Annuity Model (HAM). The first project involves developing a four-lane economic corridor between Bowaichandi and Guskara-Katwa Road (Km 89.814 to Km 133) of NH 116A (Package-3). This project is valued at Rs 13.91 billion, excluding GST, and is expected to be completed within 910 d..

Read More
Next Story
Infrastructure Energy
19 Nov 2024

Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024

Tata Power Solar, Jakson Green, and Ashoka Buildcon have emerged as the top utility-scale solar engineering, procurement, and construction (EPC) providers in India during the first half (1H) of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Gensol Engineering and InSolare Energy also secured spots in the top five. Tata Power Solar led the market with a 32.7% share, followed closely by Jakson Green at 32.1%, while Ashoka Buildcon claimed the third spot with 6.5%. Gensol Engineering and InSolare Energy accounted for 6.2% and 5.1% of the market, respectively. Together..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Ashoka Buildcon turns lowest bidder for Rs 27.91 billion NHAI projects
ROADS & HIGHWAYS
19 Nov 2024

Ashoka Buildcon turns lowest bidder for Rs 27.91 billion NHAI projects

Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024
POWER & RENEWABLE ENERGY
19 Nov 2024

Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024

Adani Realty plans Mumbai expansion, eyes convention centre
Real Estate
19 Nov 2024

Adani Realty plans Mumbai expansion, eyes convention centre

Tata Solar, Roofsol, and Havells lead rooftop solar market in 1H 2024
POWER & RENEWABLE ENERGY
19 Nov 2024

Tata Solar, Roofsol, and Havells lead rooftop solar market in 1H 2024

HLE Glascoat partners with CleanMax to source renewable energy
POWER & RENEWABLE ENERGY
19 Nov 2024

HLE Glascoat partners with CleanMax to source renewable energy

RBI to raise Rs 200 billion through sovereign green bonds in FY 24-25
ECONOMY & POLICY
19 Nov 2024

RBI to raise Rs 200 billion through sovereign green bonds in FY 24-25

Northeast Frontier Railway issues 5.7 MW rooftop solar projects bids
POWER & RENEWABLE ENERGY
19 Nov 2024

Northeast Frontier Railway issues 5.7 MW rooftop solar projects bids

Task force to drive India’s 500 GW RE goal by 2030: Pralhad Joshi
POWER & RENEWABLE ENERGY
19 Nov 2024

Task force to drive India’s 500 GW RE goal by 2030: Pralhad Joshi

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000