KIIFB approves revised estimate; Vyttila flyover deadline to be met

Contracting firm will start the work of an approach road towards Palarivattom by Nov 15 

Published: 10th November 2019 07:03 AM  |   Last Updated: 10th November 2019 07:03 AM   |  A+A-

A view of the Vyttila flyover | A Sanesh

Express News Service

KOCHI:  With Kerala Infrastructure Investment Fund Board’s (KIIFB) approval for the revised estimate in the Vyttila flyover, the much-awaited project is expected to be completed by March 2020. The funding agency has been vetting the revised estimate and pending bills of the flagship project in the last five months along with variations in the Kundannoor flyover project. “We have approved the revised estimate submitted by the contractor. As the major issue has been resolved, all the pending bills will be disbursed within a few days. Though we have given in-principle approval long ago, it took a while to approve the bills due to the cautious approach taken in these projects,” said K M Abraham, CEO, KIIFB.  

Earlier, TNIE reported that misery of road users at Vyttila and Kundannoor junctions was likely to continue with fund crunch hitting the construction of flyovers on November 6.  While Vyttila flyover awaits the clearance of arrears of `13 crore, Kundanoor flyover has dues of `9 crore. “KIIFB is assessing the cost implications of Kundannoor flyover’s revision in the obligatory span. As there are a few more changes in the project, we will look into the details once the contracting firm uploads its bills. The disbursement of amount will be completed by month-end,” said the former state chief secretary.  

 The KIIFB CEO also reiterated its commitment to complete the works within the stipulated period. “As they are high-priority works, we hold weekly project intervention meetings to evaluate the progress of construction. With the current pace, we will be able to complete the work well within the deadline of March 2020,” he said. Sreedhanya Constructions, the contractor of Vyttila flyover, remains upbeat about meeting the deadline with the removal of existing stumbling blocks in the project. 

“As our revised estimate is approved, the project will gather extra momentum in the coming days. We have been told that the amount will be transferred in three phases with 75 per cent disbursed as first instalment,” said the representative of the contractor. Whereas, a source close to Marymatha Constructions, contractor of Kundannoor flyover, revealed that their revised estimate has been given in-principle approval by the agency two days ago. 

“We have received a call from a KIIFB official by saying that in-principle approval has been given to the revised estimate of the project. As there are only minor changes like rerouting the electricity lines, the bills will be sanctioned soon.”   

Approach road construction
The contracting firm will start the construction of an approach road towards Palarivattom by November 15. “We will widen the sideway for 50m towards Palarivattom side for building the ramps and walls. A few piling works also be done to strengthen the road,” said the representative of Sreedhanya Constructions.  

Stay up to date on all the latest Kochi news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp