₹585.53 cr. from KIIFB to NHAI
Part fee of ₹1,978.96 cr. for land acquisition
Kerala has given one other ₹585.53 crore to the National Highways Authority of India (NHAI) as its 25% share in opposition to the expenditure incurred for land acquisition for six-laning of National Highway 66 from Kasaragod to Kazhakuttam within the capital.
The quantity has been made obtainable to the NHAI from the Kerala Infrastructure Investment Fund Board (KIIFB) that has been authorised to present the funds for assembly the 25% value of land acquisition.
The quantity has been transferred to the NHAI on the premise of a letter from the Regional Officer, NHAI, on March 18 searching for ₹585,53,04,650 as half fee in direction of the 25% value of land acquisition as per a tripartite settlement reached between the NHAI Principal Secretary, PWD, and the Chief Executive Officer, KIIFB, official sources instructed The Puucho.
As per the pact inked to overcome the rising value of land acquisition and expedite the six-laning of the NH 66 hall from Thalapadi on the Kerala-Karnataka border in Kasaragod to Kazhakuttam, the State has to give ₹1,978.96 crore to the NHAI. The State has given ₹604.90 crore and ₹525.70 crore — in three tranches — to the NHAI already as well as to the ₹585.53 crore now.
The NHAI had just lately awarded the works for six-laning of 39 km from Thalappadi to Chengala to the Uralungal Labor Contract Cooperative Society (ULCCS) paving the way in which for the graduation of the a lot delayed NH improvement. The ULCCS had bagged the works for the primary stretch from the State border for ₹1,704.125 crore.
The tender course of for 11 stretches from Thalapadi to Kodungalloor and three stretches from Paravur in Alappuzha to Kadampattukonam within the State capital for the six-laning of NH 66 are on.