KeralaInfrastructure Fund Board (KIIFB) is all set to fund some major beautification projects for Kochi based on a proposal prepared by the town and country planning department.
The proposal, on the lines of Singara model in Chennai, includes multiple projects for Infrastructure development and also aims at improving the basic amenities, which may boost the tourism sector.
The beautification of Kochi city will involve improving pedestrian amenities, easing traffic movement through improving road infrastructure, developing parks, playgrounds, beautifying streets and areas with paintings, renovating old markets, conserving heritage buildings and cleaning up clogged waterbodies.
The town planning official said since the project involves funds to the tune of several crores of rupees, the government will have to formulate a special purpose vehicle (SPV) for implementing the project.