The Kerala Infrastructure Investment Fund Board (KIIFB) has recently cleared seven projects, including two major industrial clusters worth ₹13,886 crore. The investment will cover two industrial clusters being set up near Kannur airport and in Palakkad with an estimated investment of ₹12,000 crore, state, finance minister T M Thomas Isaac said, elaborating that in addition to the seven projects, the executive committee meeting of KIIFB has also given clearance to 72 projects worth ₹2,518 crore. KIIFB chief executive officer K M Abraham said revealed that the board currently has ₹4,077 crore in its kitty and there would be no dearth of funds and that the new road projects being taken up under KIIFB would try exploring new technologies in road construction, and based on technical specifications recommended by the Indian Roads Congress. To date, 577 projects worth ₹45,828 have come to KIIFB, of which 466 worth ₹39,715 crore have been cleared. Of this, 215 projects with an outlay of ₹7,735 crore have completed the tender process and works on 144 of them, worth ₹5,106 crore, have been awarded.
