KIIFB Approved Projects

Our ChairmanShri. Pinarayi VijayanHon. Chief Minister

Our Vice ChairmanDr. T M Thomas Isaac

Hon. Minister for Finance

Defining the Future

KIIFB Approved Projects

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE2

From the CEO’s desk..........

More in our next edition. Happy Reading

Amidst all the exciting work that is going on between KIIFB, the SPVs and the Departments, there was something fascinating that happened in terms of capacity building in KIIF. In its last meeting on June 4, 2019 the Board had approved purchase of a Bloomberg Terminal.

In the national and international markets, almost all reputed financial firms subscribe to Bloomberg Professional service. The Bloomberg terminal is a computer software system provided by the financial data vendor Bloomberg L.P. This amazing piece of software enables professionals in the financial service sector and other industries to access the Bloomberg Professional service. Through this system, users can monitor and analyse real-time financial market data and even trade on the electronic trading platform. Besides there is a continuous feed of financial and economic news, price quotes relevant to the financial world.

For the curious reader: a bit of history about the system itself! Michael Rubens Bloomberg is one of the founders, the Chief Executive Officer and owner of Bloomberg L.P., which bears his name. He is an American businessman, politician, author, and philanthropist. He is ranked as the sixth-richest person in the United States and the ninth richest person in the world. Bloomberg has also a strong political background and served as the Mayor of New York City for three consecutive terms.

Bloomberg Terminal

The Analytics team of Bloomberg Branch in Mumbai have been conducting training sessions for the KIIFB Finance Team. All the members of the Finance Team in KIIFB along with the CEO keenly participated in the sessions. The last of the four training sessions is proposed in the coming week. It was a mind-blowing experience for the entire team to see the stupendous analytic capabilities that the Terminal Offers. You can see your own securities like the Masala Bond on the screen, securities across similarly rated entities like KIIFB, study regional

and global country markets and get access to predictions by economists on the growth forecasts of various countries, regions and global markets and more relevant to us, get forecasts on market yields for various tenor securities across the world and in the country. Our team is excited about this new capability that we have acquired and hope to put it to good use in our future market borrowing plans.

We have divided the finance team into three groups. Starting from the next newsletter, we will carry a small column titled “Economy and market watch”. Each of our three groups will prepare the column by rotation.

This week, we have covered the major bridges being taken up in KIIFB as our focus project area. In a state like Kerala, crisscrossed with its beautiful network of rivers, bridges are a vital part of the State’s connectivity. The piece from our Technical Inspection Wing gives insights and solution of unaccounted water loss – a theme that is going to be increasingly relevant to our future where thinkers predict that the next major confrontation in the globe will be around water.

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 3

Type of Project Nos. Approved Amount (Rs. in Crores)

Infrastructure 552 29455.71

Industrial Infra 3 14275.17

Total

Infrastructure projects totalling about Rs.29500 Cr have been approved by the Board in various sectors. Besides which Industrial Infrastructure projects (including land acquisition for industrial parks) totalling about 14000 Cr were approved by KIIFB. KIIFB’s portfolio of Infrastructure project includes large State Highways, major roads, Bridges, Rail Over Bridges, Flyovers, Education Infrastructure, Health Infrastructure, Water Transport, Urban Infrastructure, IT Infrastructure, Transmission Lines, Cultural Centres, Zoos, Animal Rehabilitation Centres etc. KIIFB portfolio of Projects can be broadly classified into the following:

Sector wise number of Infrastructure projects approved, and their cumulative approved cost are tabulated below:

Department Nos. Amount (Rs. in cr.)

PWD - Roads 148 6365.36

PWD - Bridges 52 1407.05

PWD - ROBs 28 904.21

PWD - Flyovers 9 635.51

PWD - Hill Highways 17 1506.25

PWD - Coastal Highways 1 52.78

PWD - Underpass 1 27.59

Power 15 5200.00

Water Resources 75 4448.98

General Education 76 2037.91

Health & Family Welfare 19 1819.80

Information Technology 3 1174.13

Coastal Shipping & Inland Navigation 1 566.51

Higher Education 26 562.02

Sports & Youth Affairs 33 681.47

Department Nos. Amount (Rs. in cr.)

Transport 3 556.49

Forest 4 441.67

Culture 8 194.34

SC / ST Development 9 186.60

Fisheries & Ports 3 194.24

Devaswom 1 141.75

Registration 6 89.88

Labour & Skills 5 82.50

Tourism 3 72.47

Home 1 50.14

Local Self Government 3 31.69

Agriculture 1 14.28

Revenue 1 10.09

Total

Of the above Infrastructure projects, power projects totalling Rs. 5200 Crore, IT projects totalling Rs. 1174.13 Crore and 5 Cultural Projects totalling 57.25 Crore (21 projects totalling Rs.6431.38 crore)

are conceived as projects with revenue generating potential and revenue from the project will be utilised to repay the finance provided by KIIFB.


Beside the Infrastructure Projects, KIIFB has also approved the following Projects related to Industrial Infra. The Projects are conceived as revenue generating and revenue generated will be utilised to repay the finance provided by KIIFB

Department wise status of projects

Type of Project Nos. Approved Amount (Rs. in Crores)

Industrial Park 2 1565.17

Land for Industrial Infra 1 12710.00

Total

Sl. No. Department

Projects Approved by KIIFB

Projects in which Work tendered

Projects in which Work tendered

No.Amount

(Rs. in Crore)No.

Amount (Rs. in Crore)

No.Amount

(Rs. in Crore)

1 Agriculture 1 14.28

2 Culture 8 194.34 8 181.14

3 Devaswom 1 141.75 1 27

4 Fisheries & Ports 3 194.24

5 Forest 4 441.67 2 87.50 2 74.44

6 General Education 76 2037.91 76 1834.42 50 1246.91

7 Health & Family Welfare 19 1819.80 11 634.25 7 427.53

8 Higher Education 26 562.02 10 209.55 5 68.71

9 Home 1 50.14

10 Information Technology 3 1174.13 2 160.09 2 164.57

11 Labour & Skill 5 82.50

12 Local Self Government 3 31.69

13 Power 15 5200.00 11 1579.28 3 657.38

14 PWD 256 10898.75 124 4239.57 109 3333.85

15 Revenue Department 1 10.09

16 Registration 6 89.88 5 49.18 5 43.63

17 SC/ST Development 9 186.60 6 108.43 4 64.53

18 Sports & Youth Affair 33 681.47 23 331.13 14 188.10

19 Tourism 3 72.47 2 3.19


Works Department

SL. No. Prtoject NameCost

Approved By KIIFB

(Cr.)1 Construction of Zilla Court Bridge across in Alappuzha District 98.90

2 Construction of Kumbalam -Thevara Bridge in Ernakulam District 97.45

3 Construction of Perumbalam Panavalli Bridge in Alappuzha District 95.86

4 Construction Of Bridge Connecting Pallathuruthi Out Post And Kainakary In Alappuzha District 59.50

5 Valiyapalam Bridge at Puthiyapalam across Canoli canal Kozhikkode district 59.01

6 Construction of Padaharam Bridge across Pampa river in Alappuzha District 55.78

7 Thirunavaya- Thavanur River Bridge 53.38

8 Construction of Thattassery Bridge in Alappuzha 50.10

9 Construction of Punnamada Bridge in Alappuzha 48.80

10 Construction of Kumbalangi Keltron - Keltron Ferry Bridge 44.30

11 Construction of Peruman bridge connecting Peruman and Munrothuruthu Across Ashtamudy lake 41.22

12 Construction Of Thottappally-Naluchira Bridge In Alappuzha District 38.00

13 Construction of Karma bridges across Canoli canal connecting with Ponnani port and Chamravattom regulator 33.46

14 Kakkathuruthu Bridge in Alappuzha District 33.14

15 Construction of Akalapuzha bridge across Akalapuzha river in Kozhikode District 30.00

16 Bridge parallel to Shavakotta bridge in Alappuzha district 28.50

17 Construction of Olambakkadavu Bridge in Ponnani & Thavanur LACs in Malappuram District 28.46

18 Construction Of Thriprayar Bridge Across Canoli Canal In Cherppu – Thriprayar Road, Nattika Lac, Thrissur District 28.42

19 Reconstruction of Elathur - Korapuzha bridge on NH-66 in Kozhikode district 28.00

20 Construction of New Ranni Valiya Bridge 26.76

20 Transport 3 556.49 2 44.96 2 46.69

21 Water Resources 75 4448.98 34 1110.22 25 714.21

22 Coastal Shipping & Inland Navigation 1 566.51 1 0.42

Total

The above projects approved by KIIFB are now under various stages of development such as land acquisition, tender and construction. Salient features of some of these Bridge projects which are critical to the region are outlined below:

The proposed construction is in Aroor Constituency of Alappuzha. Announced in the budget speech 2016-17, this project envisages construction of a new bridge across the Vembanad Kayal connecting

Bridges play a critical role in the transport infrastructure of the State, providing much needed connectivity at various points and easing the traffic congestion in certain areas. Several projects have been undertaken with KIIFB funding for revamping the existing bridges which need repair or building new ones where capacity constraints are observed. 52 Bridge projects have been approved by KIIFB. Out of this 21 which are at an outlay of more than Rs.25 cr. are listed below:


Alappuzha and Perumbalam Island. Perumbalam is a panchayat located in the northern region of Alappuzha District surrounded by Vembanad Lake, and with a total population of 9733. Commuters including students and employees currently depend on jankar services for crossing the lake.

The construction of the bridge is expected to resolve the transportation difficulties in the Perumbalam Island by providing a much needed connection to the Alappuzha side. Residents travelling to adjoining districts would benefit greatly, especially during the monsoon season. Casualties, by way of delayed medical care owing to absence of punctually scheduled boat services could also be avoided once the project is completed.

The bridge is proposed with a length of 1110m, the structure would be made of a PSC Bowstring girder central span and end spans of continuous PSC girders and RCC slabs. Overall the width would be 12m.

The project has been approved for funding by the KIIF Board, which met on 25th October 2018. The approved outlay of the project is Rs.95.86 crore. It is being executed by the Kerala Road Fund Board (KRFB). Land acquisition at Vaduthala and Perumbalam sides would be required for completion of the project.

The proposed bridge consists of a 7.5m wide twin bridge with 1.5m wide single-sided footpath to be constructed on either side of the existing bridge. Total span of the bridge is 25.32m. The project is expected to improve and ease traffic flow through the main central road (SH-1) as well as the Adoor – Pathanamthitta road in Adoor town, especially during the Sabarimala pilgrimage season.

The existing Court Bridge is situated on the alignment of Alappuzha Madurai State Highway 40 and constructed across the Vada Canal, with a span of 33m and a width of 7.5m. Six roads merge at the two approaches to the bridge and heavy traffic congestion affects the smooth flow of traffic on the highways.

The proposal is to build a new elevated bridge having rotary exchange at the centre and with a set of underpasses, and ramp roads and flyovers on either side of the canal for easing the congestion faced presently. Ramp roads of width 5.5m and 7.5m have been proposed on Mullakkal and Thanneermukkom sides respectively. On the Mullakkal side, it is proposed to provide a few box type structures of size 5.8m x 5.2m under the ramp road to rehabilitate the existing shops at the same side. Rehabilitation of the boat jetty is also proposed.

The project will be implemented by the SPV Kerala Road Fund Board at an approved outlay of Rs.98.90 crore.

The proposed river bridge is to be constructed on NH66 (old NH17) at Korapuzha in Kozhikode district, reconstructing an existing bridge along the alignment of NH66. The present Passenger Car Unit (PCU) at the location is reported to be 39,491. The existing bridge is in a dilapidated condition, requiring early renovation.

The newly proposed bridge has a width of 12m with 7.5m carriage way and 1.5m footpath on both sides. The total length of the bridge is 224m with 7 spans of 32m each.

The project will be implemented by the SPV Kerala Road Fund Board at an approved outlay of Rs.28.00 crore.

The proposed bridge is to be constructed across the Thonnalipuzha in Erattakulam – Vaniyampara Road, Palakkad. The bridge will connect Kavassery and Kannambra Panchayats. The project will reduce the distance from Pudukkode Panchayat to Taluk Headquarters by 4 km.

The bridge will have an overall width of 11.05m and carriage way of 7.50m. The total length of the bridge will be 78m with approach roads on both sides. The project will be implemented by the SPV KRFB at an approved outlay of Rs.8.00 crore.


We are living in a time realizing the reality of water scarcity. Water after treatment is distributed through pipes. There are various reasons for water loss. Measures must be taken to monitor operations. Adopting technological innovations for surveillance can make a huge difference.

Chennai, India’s fourth-largest city is facing one of the worst water scarcities in recent years. Climate change is order of the day with erratic monsoon and not only drinking water but also power generation also at threat. The Chennai city is estimated to need 800 million litres of water daily whereas the utility is supplying 525 million litres only. So all out efforts are required to avoid wastage of water due to leaks, pipe bursts, etc.

Kerala receives an average annual rainfall of 3107 mm, against a national average of 1197 mm. With this, we have an enough source of water. But, most of the rainwater goes as runoff and escapes to sea. Our freshwater sources are rivers, lakes, and wells. With less replenishment of the groundwater table and impending monsoon, freshwater scarcity is imminent.

The collected water is treated in a treatment plant to get rid of contaminants before distributed. Treatment of water costs 23 INR per Kilo litre and hence producing 1 MLD of water capital costs around 1Cr.

Kerala Water Authority (KWA) estimated that around 30-35% of treated water is lost during the distribution stage due to leakage. As we have begun

to experience water scarcity, we cannot afford to loose water. 15%, the permissible limit according to the CPHEEO (Central Public Health and Environmental Engineering Organisation) manual must be achieved to ensure this precious resource free in nature.

WATER LOSSES

Water losses are categorized into two types (1) Non-Revenue Water (NRW) and (2) Unaccounted For Water (UFW). The treated water which doesn’t reach the consumer comes under these categories. This helps in auditing for the water flow in the system and helps in determining the steps needed to reduce the loss. Non-Revenue Water losses are the water lost through leaks and Unaccounted For Water(UFW) losses are the water that is pilfered (usage of water without authorization).

The major factors to be identified are where the most leakage is, to find why there is a leakage and how the leakage can be stopped.

Leak detection methods use sounding technology to detect underground leakages. As of now, ground dampness indicates water leakages. But the amount of water lost before it reaches above the ground is unaccountable as it might take days for the water to reach the surface after saturating soil beneath. So detecting at an early stage is inevitable to achieve the target aimed.

Another type of leak detection is by pressure detection. In a closed conduit system, a certain pressure is held. With the help of the sensor, we can


detect any loss in pressure which indicated water loss. District metered areas (DMA) is a prominent idea where in district water distribution is under monitor by monitoring pressure. There is a system that uses this principle and it’s called “SCADA”

“SCADA” stands for “supervisory control and data acquisition.” It is a computer-based system that is used for monitoring and managing various types of operations. In detail, it is essentially a communication network of the entire water distribution system enabling to oversee the entire process and control it. It is automated and requires less human interaction.

The system is set up in a control room at a treatment plant. In a typical control room setup, Programmable Logic Controllers (PLC) oversees the supervision of the various processes. Remote control units are also present in the remote site.

In brief, what SCADA brings forth is the capability of monitoring flow and pressure in the distribution system in real-time. It helps in detecting water loss and narrows down the location wherein the pressure drops. So the operators can take faster action by closing sensor operated valves, rerouting, etc.

The system monitors the entire network using cameras, pressure sensors motion detectors, contact switches, specialized entry devices, alarms, etc. This

reduces the number of labourers required. Any failures, overloading or leakages will be indicated by visual indications and alarms. And without much delay, the operators can investigate it and help in damage control. This saves a lot of water and money. Records of alarms such as video frames are kept for further follow-up and this helps in future studies.

SCADA systems can also work automatically to control actions, such as emergency shutdowns, starting or stopping pumps, opening or closing of valves, etc. The information for this is taken from the network itself. The system can also detect the presence of contaminants by using analyzers. It can measure residual chlorine content, dissolved oxygen, pH and temperature.

Implementing SCADA is the best solution for most of the problems. Developed countries already use it for their water and electricity distribution

system. And it has helped them to keep the loss within the permissible limits.

Even the best quality pipes if not laid properly will lead to failures and hence care shall be exercised in laying pipes and pressure testing at site make it

possible to get intended service in the long run. In projects funded by KIIFB this aspect is emphasised by the technical team and ensure the quality tests are being done for the pipes used.

Let us work together to bring leakage loss within permissible limits specified in CPHEEO manual in all our future projects. “Water is PRICELESS in nature, PRICELESS too in its benefits”. Let us save water for the generations to come.


The Administrative Inspection Wing (AIW) reviewed the progress of implementation of projects by two different SPVs during last fortnight. The focus was on the administrative procedure and progress of implementation of the projects “Upgradation of 10 ITIs on par with international Standards” entrusted to M/s KASE and “Replacement of Transmission Mains in Thiruvananthapuram Circle”, entrusted with KWA.

international Standards”The project mainly focuses on the construction

of energy efficient modern buildings as per international standards for 10 ITIs in the State with integrated provision for learning including modernised IT ready class rooms, multinational factory standard workshops and additional furniture etc. The KIIFB approved the projects for funding as detailed below:

A Technical Sanction Committee has been constituted by Govt. for the project. Though the initial process of implementation is seen progressing some deficiencies such as non-operation of separate bank Accounts for centage, non-inclusion of ‘tender evaluation process’ in the portfolio of the TS Committee and non-fixing of

Tender Acceptance Authority etc are observed on inspection. The Government have constituted a Special Cell for monitoring the project with Joint Director (Industrial Training) as Convenor but the term of which will expire on 31.08.19. Also the SPV is not equipped with an inhouse team of technical officers for ensuring quality supervision of the projects in field. The SPV is, therefore, instructed to rectify the above pointed out deficiencies/ deviation from KIIFB guidelines to ensure timely and quality implementation.

The project at a cost of Rs. 77.86 Crs comprising following 6 works viz. Replacement of Transmission Mains from ‘Bhagat Singh Nagar to Mannanthala’, ‘Bharathannur to Iyyermukku’, ‘Oservatory to Ayurveda College, Peroorkada to Manvila, ‘Chamavila to Nellimukku and ‘Nellimukku to Iyyermukku’.

Out of the above 6 works tender finalised and Agreement signed for 2 works viz. ‘Bhagat Singh Nagar to Mannanthala’ & ‘Bharathannur to Iyyermukku’ and the Technical bid are placed in KWA Board for approval in respect of 2 works viz. ‘Observatory to Ayurveda College & Peroorkada to- Manvila. The Revised Estimate for the remaining 2 are submitted to KIIFB for approval.

On inspection the AIW has observed certain deficiencies/deviation from KIIFB guidelines in the project implementation as shown below:

• Non updation of Project Documents in the KIIFB portal and non-preparation of WBSs.

• Insufficient validity of Performance Guarantee and Additional Performance Guarantee.

• Lack of timely clearance/permission for road cutting from PWD/NHAI/LSGIs etc.

• Un realistic estimate for road restoration.• Time lag between KIIFB approval and

Technical Sanction and delay in tender process.

Necessary instructions were issued to the SPV to ensure the compliance of systems and procedure applicable to KIIFB Projects.

Sl No Name of ITI

Amount approved by KIIFB (In Crs)

1 Danuvachapuram, Thiruvananthapuram

11.359

2 Chandanathope, Kollam 3.98

3 Chengannur, Alappuza 19.758

4 Ettumannur, Kottayam 7.77

5 Kattappana, Idukki 5.58

6 Chalakkudi, Thrissur 8.92

7 Malampuza, Palakkad 12.79

8 Koyilandi, Kozhikode 4.006

9 Kannur 4.107

10 Kayyur, Kasaragode 4.23


The maiden budget speech of Hon’ble Union Finance Minister Smt. Nirmala Sitharaman tries to lay out the building blocks for turning India’s economy to achieve the $ 5 Trillion mark in the next five years. To achieve this target a robust and resilient infrastructure system is required supported by adequate private investments. According to the Economic Survey 2018-19, “India needs almost double its spending on infrastructure at $ 200 billion annually and the real challenge lies in harnessing private investment”. To put it in another way the country needs to spend 7-8% of its GDP on infrastructure annually which translates to $200 billion currently. Even as the country has been able to put $ 100 to 110 billion annually into infrastructure development the huge investment gap of about $ 90 billion needs investment through innovative ways.

The proposed investment in infrastructure sector over the next five years is $ 100 Trillion($200 billion annually). Though ambitious, a focused move by perfectly blending private sector investment, though now subdued, is the only significant contributor to achieve this. Even though financial resources are commensurately available with private sector and also being in a good shape to participate, private players are reluctant to come forward. A slew of measures to boost private sector participation in infrastructure spending have been announced. To quote from the budget:-

• Emphasis on infrastructure debt funds, deepening of bond markets and expressing intent to consolidate relationships with global pension and sovereign funds to meet long term investment requirements.

• Important to ensure a harmonized and hassle-free investment experience for foreign portfolio investors.

• Plan to raise the limit of foreign holding in select public sector entities while eyeing Rs.1.05 lakh crore through disinvestment.

• Rationalize and streamline the existing KYC norms for Foreign Portfolio Investors (FPIs) to make more investor friendly.

• Merging the investment route for NRIs with that of FPIs with a view to provide NRIs with seamless access to Indian equities.

• FPIs are allowed to invest in ReITs and InVITs.• Credit guarantee enhancement corporation

will be set up and an action plan to deepen markets for long term bonds with specific focus on infrastructure sector.

• Permit investments made by FIIs /FPIs in debt securities issued by infrastructure debt funds.

• Pumping of Rs. 70,000 crore to recapitalize PSBs

• Setting road map for different sectors.

What’s important in KIIFB’s perspective is utilizing the comfort proposed in mobilizing resources through debt securities. The prospects of encouraging FPIs to invest in infrastructure debt funds will be a game changer, wherein lies the immense scope of KIIFB’s field of play. Once the government succeeds in winning the confidence of investors through prompt and concerted legislative action, the benefits will typically handhold KIIFB’s initiatives in resource mobilization. The relentless and painstaking efforts of KIIFB will eventually get its due. The name of KIIFB is now quite familiar in the international debt market with its successful stint with the Masala Bond. KIIFB, being a pioneer in the FPI sub-sovereign arena, is well poised to reap the benefits if the budget proclamations take root.

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE12Printed and Published on / /

Sl. No. Counrty RegisteredSubscribed Customers

Subscribed Chittals

1 United Arab Emirates 22129 4389 5530

2 Qatar 3472 510 592

3 Saudi Arabia 2971 439 495

4 Kuwait 1722 271 333

5 Oman 1544 279 328

6 Bahrain 1180 228 280

7 United Kingdom 250 31 35

8 Ireland 75 9 9

9 Italy 30 1 1

10 Germany 29 3 3

11 Malta 17 1 1

12 Netherlands 12 4 4

13 Poland 9

14 France 7

15 Spain 5

16 Norway 5 1 1

17 Czech Republic 4

18 Austria 3

19 Belgium 3 2 2

20 Sweden 3

21 Switzerland 2 1 1

22 Finland 2

23 Latvia 2

24 Portugal 2

25 Russia 2

26 Albania 1

27 Denmark 1

28 Romania 1

29 Slovenia 1

Total

Total Monthly sala 10.58 Cr

KIIFB Secuirty Bond Subscribed 10.99 Cr

No of Prize Money Deposted 678

Total Amount of Prize Money Deposted 22.45 Cr

No of Prize Money Disbursed 191

Total Amount of Prize Money Disbursed 6.04 Cr

Total Amount Collected (in Crores) 43.76 Cr

Total Leads 110442

KYC Approved Customers 21396

Chit Subscriptions 7615

Progress Report as of

Stastics as on

KIIFB Approved Projects

Documents

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