v 2 ue 12 - kiifb

KIIFB NEWSLETTERVol 2. Issue 12.1

Our ChairmanShri. Pinarayi VijayanHon. Chief Minister

Our Vice ChairmanDr. T M Thomas Isaac

Hon. Minister for Finance

Defining the Future

KIIFB Approved ProjectsInfrastructure

Industrial Infra Total Outlay

Department Nos. Amount (Rs. in Cr.)

PWD 278 11936.43

Power 15 5200.00

Water Resources 80 4753.21

General Education 76 2037.91

Health & Family Welfare 24 2035.99

Information Technology 3 1412.86

Coastal Shipping & Inland Navigation 1 566.51

Higher Education 26 562.02

Sports & Youth Affairs 35 732.53

Transport 3 556.49

Forest 4 441.67

Department Nos. Amount (Rs. in cr.)

Culture 8 194.34

SC / ST Development 9 186.60

Fisheries & Ports 4 212.04

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 2 32.62

Total 588 31343.93

Type of Project Nos. Amount(Rs. in Cr.)

Industrial Park 2 1,565.17

Land for Industrial Infra 1 12,710.00

Total 3 14,275.17

Type of Project Nos. Amount(Rs. in Cr.)

Infrastructure 588 31,343.93

Industrial Infra 3 14,275.17

Total 591 45,619.10

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE2

More in the next edition. Happy reading…. Chief Executive Officer, KIIFB

From the CEO’s desk…In this edition, we focus on the privilege that KIIFB has been accorded by the Government to build up the physical infrastructure in Kerala for cancer care in the State. Needless to say, Kerala has several laurels to its credit in health care which have been the envy of many states and even developing regions across the globe. But Kerala also bears a very high burden in terms of noncommunicable diseases. It is believed that the number of cancer patients in Kerala are on the increase. While reasons for this are not all clear, it may be possible that an ageing population in a State with highest life expectancy, both male and female, may have added to these rising numbers. Whatever be the exact reasons, Kerala is faced with two stark realities – there are not enough specialised doctors and medical professionals needed to tackle this burden, and there are not enough facilities with infrastructure to administer cancel care. In addition, despite government schemes like Cancer Suraksha, Chis Plus, Karunya Benevolent Fund, Sukrutham, Thalolam, Scheduled Tribe Patient Fund, Snehasanthwanam for Endosulfan Victims etc., a family in the lower and middle income brackets which has to take care of a member of the family with cancer, often gets into a vortex of financial despair that only gets worse by the progressively increasing cost of cancer care. Many families end up perpetually in poverty which in turn deprives opportunities to its family members and takes away their chances to survive or develop. While there are a few private hospitals which offer cancer care, the Regional Cancer Centre, Thiruvananthapuram (RCC), an autonomous scientific institution sponsored jointly by the Government of Kerala and the Government of India receiving financial assistance from both is still the mainstay for persons needing cancer care. This Institute single-handedly provides specialized cancer care to 2.5 – 3 lakh patients cases. Some remarks made by a visiting Canadian team of oncologists on the burden that RCC carries today is relevant:

“Our first (and perhaps most striking) observation upon arriving at the RCC was the sheer volume of patients. Given that Kerala’s population approaches that of Canada and that the state has only 2 comprehensive cancer centres, we should not have been surprised to arrive on our first day to a waiting room overflowing with a sea of patients and their family members. The clinic area was much the same, with hundreds of patients patiently waiting outside the clinic doors for their name to be called. The number of sick patients was at times overwhelming.”

It is in this context, that KIIFB would like to share a sense of its pride and humble acknowledgement of its privilege that it has been chosen as the instrument that will bring succour to thousands of cancer patients in the years to come through two of its flagship projects. The first flagship project of KIIFB in cancer care is the Kochi Cancer Hospital and Research Centre. The Government of Kerala has decided to establish a Cancer Hospital & Research Centre at the Government Medical College campus in Ernakulam. The proposed project which is to be developed in 2 phases will have a hospital block, out-patient department, research and administration block, hostels and a night shelter. The facilities in the first phase will include 213 beds and 9 operation theatres. The hospital will have fully functional departments for Surgical Oncology, Radiation Oncology, Medical Oncology, Radiology, Nuclear Medicine, Anaesthesia and Palliative care, Emergency and Tumour Path Biology. The first phase of the project was approved for implementation at an estimated cost of Rs.379.73 crore, at the KIIFB board meeting held on 21st March 2017, chaired by the Honourable Chief Minister of Kerala. Infrastructures Kerala Limited (INKEL) is the Special Purpose Vehicle entrusted with implementation of the project. Unfortunately, there was one instance of a construction failure recently that has cast the project and the performance of the SPV in a bad light. KIIFB is in the process of taking urgent remedial measures and resume the work on the project in full pace. On-ground construction work at the site is in active progress. Construction package for all main civil works is in full pace. With an implementation period of 36 months from date of approval, the first phase of the project will be completed by end 2020The second is the development of the Malabar Cancer Centre (MCC) at Thalassery in Kannur. The hospital is located at Kodiyeri, 7km away from the town and Thalassery railway station. The project has a total outlay of Rs. 79.263 Crore. The existing hospital currently lacks modern diagnostics and therapeutic equipment, proper emergency service and intensive care units, essential pharmaceuticals and supplies, referral support and resources and has to cope with space constraints for many departments in the hospital. The current proposal approved by KIIFB is for the upgradation of MCC as a Post Graduate Institute of Oncology Sciences and Research which shall provide infrastructure of state of art facilities with high quality teaching. The existing facility has an area of 28,258.00 sq. m. with an available land area of 25.5 acres. Through the KIIFB funded initiative it is expected that bed capacity will be enhanced from 219 to 522. The three major components of the project are the following: (i) Construction of new Radiotherapy Block, (ii) Renovation to Main Building Administration Block, and (iii) Miscellaneous Site Development Works. The expansion of this Centre as a centre of excellence in Cancer Care will be a great boon for particularly the people of North Kerala.KIIFB hopes that both these projects are completed in time and that Government can dedicated them to the people of Kerala by the end of next year itself.

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 3

Sl. No Project Name/Description

Project Outlay approved by KIIFB in Rs.

Crore

Sector/ Department

1 Urban Regeneration and Integrated Water Transport System in Cochin- Phase 1 Land Acquisition 566.51

Coastal Shipping and Inland Navigation

2 Setting up of Hospital complex of Cochin Cancer Centre 384.34 Health & Family Welfare

3 General Hospital Ernakulam-Construction of Super Specialty Block & Infrastructure and service Up-gradation 76.5 Health & Family

Welfare

4 Medical College Kochi-New Block, Staff Quarters and Allied Infrastructure 310 Health & Family Welfare

5 Civil electrical work for developing CUSAT as centre of Excellence 99.48 Higher Education

6 Procurement of laboratory equipment 142.24 Higher Education

7 3.4 Lakh sq.ft Buildings at Kochi Innovation Zone 251.13 Information Technology

8 Construction of Kumbalangi Keltron - Keltron Ferry Bridge 44.3 PWD

9 Construction of ROB in lieu of existing LC No. 69 A at Vaduthala, Ernakulam 47.72 PWD

10 Six lane Flyover at Vyttila 86.34 PWD

11 Construction of Angamaly Kochi airport bypass Phase I (Six lane, Karayaanparambu to Angamaly) 190.16 PWD

Focus District : Ernakulam

List of Infrastructure Projects in Ernakulam District approved by KIIFB are as below:

Ernakulam is the third populous district in the state after Malappuram and Thiruvananthapuram. The district is geographically located in the central part of Kerala and is bordered by districts of Thrissur in North, Idukki on east, Kottayam on south west and Alappuzha on south. The district includes the largest metropolitan region of the state “Greater Cochin”. The district has its headquarters at Kakkanadu, Kochi. Major Port of Kochi, Vallarpadom Container Terminal, Cochin Shipyard, Nedumbassery International Airport are some of the major infrastructure facilities in the state located in the district. According to 2011 census, the district has a population of about 32.82 Lakhs. For administrative purposes, the district is divided to seven taluks of Paravur, Aluva, Kunnathunadu, Muvattupuzha, Kochi, Kanayannur and Kothamangalam. Piravom, Angamaly, Aluva, Kalamassery, North Paravur, Vypeen, Kochi, Ernakulam, Thrikkakara, Thripunithara, Perumbavoor, Kunnathunad, Moovatupuzha and Kothamangalam are the fourteen Legislative Assembly Constituencies in the District. Along with several initiatives and projects being undertaken by Government of Kerala in the district, projects funded by KIIFB will significantly contribute in improving the physical and economic infrastructure of the district. The projects funded by KIIFB include development of Hill Highway, Water Supply Scheme, Stadiums. upgradation of school infrastructure etc.


12 Construction of six lane Flyover at At Kundanoor Junction on NH 66 82.74 PWD

13 Perumbavoor Bypass 133.24 PWD

14 Improvements to Mannur- Ponjassery Road. 23.48 PWD

15 Improvements to Kothamangalam Perumbankuthu road from km 11/3000 to 19/000 21.32 PWD

16 Improvement works to Plamudy Kottapady Panipara Irumalappady Ooramkuzhy road km 0/000 to 16/653 22.66 PWD

17 Improvements to Manackakadavu Kizhakkambalam Pattimattom 32.63 PWD

18 Purayar ROB 45.67 PWD

19 Improvements to Mamala-Piravom Road in Ernakulam District 11.81 PWD

20 Airport Seaport Road Kalamssery Aluva 437.28 PWD

21 Development Of Muvattupuzha Town Portion Ch 0/000 To Ch 1/850 Post Office Junction To Petta Road 32.14 PWD

22 ATLANTIS ROB 89.77 PWD

23 Construction of Kumbalam -Thevara Bridge in Ernakulam District 97.45 PWD

24 Construction of Olympian Chandrasekharan Indoor Stadium at Muvattupuzha 32.55 PWD

25 Improvements to Anthakarathodu in Thrippunithura Muncipality 11.05 Water Resources

26 Water supply Distribution strengthening of Kadamakkudi Panchayath 12 Water Resources

27 Water supply Distribution strengthening of Varappuzha Panchayath 16.5 Water Resources

28 Replacement of Transmission Mains in Kochi Circle 32.44 Water Resources

29 Augmentation of WSS to Angamaly constituecncy 115.93 Water Resources

30 WSS To Paingotoor Panchayath In Ernakulam District 28.82 Water Resources

31 Augmentation of WSS to Karumallur and Kunnukara Panchayats 37.49 Water Resources

32 Petrochemical and Pharma Park at Ernakulam 977.47 Industries

Total 4493.16


Sl. No Description

KIIFB Approved amount in Rs. crore

1 Government Sanskrit College, Tripunithura 5.77

2 Government College, Tripunithura 14.42

Total 20.19

Under state-wide higher education project “Augmentation of Infrastructure facilities in Government Colleges”, the following college in the district is upgraded:

Under Protection of Public Education (PPE) Mission, and the state-wide Project “Upgradation of One school in each constituency” the infrastructure in following five (5) schools in the district are upgraded to higher standards with KIIFB funding of Rs. 5 crore each:

Sl. No. Name of School

Legislative Assembly

Constituency

1 Njarakkal Govt. H.S.S Vypeen

2 Kongarappalli Govt. H.S Kalamassery

3 Fort Kochi Govt. E.M.G. H.S.S Kochi

4 Govt. HSS, Edapally Thrikkakara

5 Govt. HSS, Chennamangalam Paravur

6 Govt. GHSS, Perumbavur Perumbavoor

7 Piravom Govt. H.S.S Piravom

8 Thrippunithura Govt. G.H.S.S Thripunithara

9 Pezhakkappalli Govt. H.S.S Muvattupuzha

10 Puthenthodu GHSS , Chellanam Ernakulam

11 Chengamanad Govt. H.S.S Aluva

12 GHSS Elamakkara Ernakulam

13 MGM GHSS Nayathode Angamaly

14 GHSS Vazhakulam Kunnathunadu

15 Chervathur GMHSS Kothamangalam

Under state-wide Registration Department project for “Setting up of new office complex”, the following new office complex is constructed in the district with KIIFB funding:

Sl. No Description

KIIFB Approved amount in Rs. crore

1 Sub-Registrar Office, Kothamangalam 2.00

2 Sub-Registrar Office, Kuzhipally 1.50

Total 3.50

Under the state-wide programme of installing dialysis units the following hospitals in the district are installed with Dialysis units:

Sl. No Name of College

1 Taluk Headquarters Hospital, North Paravoor

2 Taluk Headquarters Hospital, Fort Kochi

3 Taluk Headquarters Hospital, Perumbavoor

4 Taluk Headquarters Hospital, Piravom

5 District Hospital, Muvattupuzha


Project Showcase : ErnakulamA. Integrated Urban Regeneration and Water Transport System in Cochin

The city of Kochi is the nerve centre for major commercial activities within the State. From an urban and transport planning perspective, the city is at a crossroads. In the face of increasing levels of congestion, the city’s urban area continues to expand. The rate of growth in private vehicle ownership, combined with the inadequate road network is unsustainable. The complexity of issues in the city suggests that a simple ‘road widening’ approach is not a practical and efficient solution. It is in this context; Kochi Metro Rail Limited (KMRL) is engaged in the task of developing a seamless multi modal transportation system, focusing on developing a sustainable Integrated Water Transportation System for Kochi City, aiming to integrate the water transport system with other modes of transport including the metro system over a period of time. The water metro routes being developed by KMRL with the assistance of French Development Bank (AFD) are passing through the backwaters surrounding the mainland connecting it with the islands. The Proposed project “Integrated Urban Regeneration and Water Transport System In Cochin” is a continuation to the Kochi Metro and is aimed at improving accessibility through canals, urban regeneration through improving the public amenities and living condition of people and the related environment through effective waste management system and creating new infrastructure. The project will rehabilitate the slum dwellers and make use of the commercial area in the vicinity of the canal along with creation of tourism destinations and navigation through the canals.

The Project scope involves development of viable waterways in the five canals passing through the city. Navigable waterways will be developed in Edapally Canal, Thevara – Perandoor Canal, Chilavanoor Canal, Thevara Canal and Market Canal. The work involves widening and dredging of the existing narrow stretches along with increasing the clearance of bridges and other structures crossing the canal. The project also involves rehabilitation of slum located along these canals. In the vacant land identified along the canals, infrastructure development works such as Tourism Park, Housing Complex, Water Sports Complex, Commercial complex etc. will be developed

Based on the Pre-feasibility Report prepared for the project, KIIFB has already approved an amount of Rs. 566.51 Crore for the land acquisition of the project. The implementing Agency KMRL has appointed Norway based Antea-Unihorn JV as the general consultant for the project. Detailed Project Report for the project is being prepared by the General Consultants.

B. Kundanoor Flyover in Ernakulam District This flyover has been proposed at the Kundanoor junction in Ernakulam district, which is a major traffic

intersection on NH-66 that connects the southern and northern districts of the State. It is located at the intersection of NH-66 (old NH-47), NH-85 (old NH-49) and NH-966B (old NH-47A), and is one of the busiest junctions in Kerala.

The increasing passenger and cargo traffic through Cochin port, increase in business volumes of industries in the region and the rush of tourists from all over the world result in heavy traffic through this section of the road. The flyover, on commissioning, will provide some relief to the severe traffic congestion that is currently choking and delaying vehicular movement. The proposal has been made as a comprehensive junction improvement solution essential to solve the current traffic woes at the location.

The proposed flyover is a six-lane continuous bridge, with a total length of 700m including the approach portion of 280m. The project, announced in the Budget Speech 2016-17, has been approved by KIIFB at a cost of Rs.82.74 crore.

The project is being executed by the Roads & Bridges Corporation of Kerala Ltd. The work started in the beginning of 2018 and is proceeding at a fast pace. As per the implementation schedule, the project will be commissioned by 2020 within a construction period of 24 months.


Half Cell Corrosion Mapping for ConcreteHalf Cell corrosion mapping is an effective

method for assessing the severity of corrosion activity in concrete structures. The half-cell potential test is the only corrosion monitoring technique standardized by ASTM. This rapid, cost-effective and non-destructive survey method provides key information in corrosion evaluations. Corrosion of steel reinforcement is a major factor in the deterioration of highway and bridge infrastructure and half cell corrosion mapping can be used to detect corrosion, as well as being the first step towards its rehabilitation. It can also be used as a quality assurance tool in the repair and rehabilitation of concrete structures and as a predictor of remaining service life. The method has been used for bridge deck inspection, parking garages, corrosion monitoring of reinforced concrete beams, girders, and piers.

The Basics of Concrete CorrosionIn reinforced concrete structures, there is a

natural protective film that forms on the surface and prevents the bar from corroding. With time, chlorides (from de-icing salts or marine exposure) and/or CO2 penetrate the concrete and breakdown that protective layer. Chlorides destabilize the passive film leading to its localized breakdown, while CO2 lowers the pH of the concrete below the level of stability of the passive film. In the presence of oxygen and water, an electrochemical reaction initiates the process of corrosion.

Corrosion can be illustrated as shown in Figure below, where the metal (rebar) reacts in the solution (available in the concrete pores) and gives away electrons from the anode (where oxidization occurs) to the cathode (where reduction occurs). The positive ions formed at the surface of the anode will react and create corrosion by-products. This electrochemical reaction creates a potential difference, and consequently a corrosion current, between the anodic and cathodic areas at the surface of the steel reinforcement. This current, or the potential distribution on the reinforcement surface, is what is of interest when measuring half-cell potential.

What is Half Cell Corrosion Mapping?Half Cell corrosion mapping consists of

measuring the potential difference between a standard reference electrode, normally a copper/ copper sulfate (standard portable half-cell) placed on the surface of the concrete with the steel reinforcement underneath,

The test provides valuable information on the likelihood of corrosion, and helps in the quality assurance of concrete repair and rehabilitation. Several standard associations have standardized the test procedure including the ASTM C 876, UNI 10174 and RILEM TC 154. Depending on the measured half cell corrosion potential value, the probability of active corrosion is determined.

Figure 1: Reinforced concrete corrosion reaction

HALF-CELL POTENTIALMEASUREMENT (MV, CSE)

LIKELIHOOD OF ACTIVE CORROSION (%)

>-200-200 to -350

<-350CSE : Copper

Sulphate ReferenceElectrode

<10uncertain

>90


HOW TO PERFORM CORROSION CELL MAPPING

1- Measurement PointsThe first thing is to know the test locations. In

general, a schematic grid will help in smooth taking of measurements, and in managing test results. There is no general rule about the grid spacing. A finer mesh will be more precise, but also more expensive. Wide spacing can reduce the resolution of test results, and may result in inaccurate half cell potential measurements. A suitable spacing should be selected with regards to the area under investigation.

2- Rebar Connection / Connectivity TestHalf cell potentials at each test point is measured

to an identical reference point. An electrical connection to the rebar network is required at this reference location. Normally, concrete cover should be locally removed (this can be achieved by drilling into concrete), to establish a sound electrical connection to rebar. To do so, one needs to locate the rebar first (this can be done by using a rebar locator). Rebar network normally provides a connected mesh. However, in larger area, such as deck slabs, one needs to check if the steel rebar network is connected.

3- Electrical Connection to VoltmeterThe connecting lead cable from the negative

terminal should be connected to the reference electrode, while the other lead wire should be connected to the rebar network at the reference location. The voltmeter should be able to measure direct current (dc) voltage, and have the capacity to be battery operated. The voltmeter should have a variable input impedance ranging from 10 to 200 MΩ may be used to determine the input impedance required to obtain precision readings.

4- Pre-wetting the surfaceIf the surface of concrete is too dry, the pre-

wetting is required. Pre-wetting can either be achieved by spraying the water over the location to be tested, or through using a wet sponge. ASTM C 876 describes how suitable pre-wetting condition can be achieved.

5- Perform MeasurementsAt each location, the value of half cell potential

should be recorded to the nearest 0.01 V (ASTM C 876). For each point, record the coordinates of the

test point, as well as the corrosion potential value. If the weather condition, including the temperature has changes, the values of the half-cell measurement should be adjusted for temperature variations.

How to Present Half Cell Potential Measurements

Half Cell potential maps are widely used to present the test results. The contour maps can show the gradient of the half cell potential values, can easily be interpreted. An example of this contour maps is illustrated in the figure below. Alternatively, results can be presented using cumulative frequency distribution.

Half Cell Potential Measurements – Influencing Parameters

When it comes to half-cell potential values, the effect of environmental conditions (such as moisture and humidity), as well as the properties of concrete materials (dense concrete versus porous concrete, carbonated concrete) should be taken into account. According to Ping Gu and J.J. Beaudoin (1998) , the following parameters can influence the corrosion potential measurements:

• Electrical resistivity of concrete• Density of concrete• Cover thickness• Epoxy coatings• Presence of Asphalt overlays• Oxygen Availability

Remarks on Half Cell Potential Test• Obtaining effective and reliable half cell

potential measurement is difficult when the electrical resistivity of concrete cover is high. Wetting concrete surface can help reduce the impact of electrical resistivity on half cell measurements. Dense cover, as well as thick concrete cover may reduce the amount of oxygen, and results in more negative half cell potential values, without necessarily having active corrosion.

• Decrease in the oxygen concentration at the surface of the steel reinforcement in fully saturated concrete will result in more negative corrosion potential readings.

• Another challenge is when the concrete


surface is covered with coatings, or asphalt. Effective measurements are not possible over asphalt overlays. In this case, the general practice is to drill into the asphalt layer, to get to the surface of concrete. Conductive solutions can be used to make electrical connections between the electrode and the concrete surface.

• When doing a half-cell potential test, one should remember that the surface should be free of paint, and chemical epoxy coatings. Also, the test on stainless steel reinforcement and epoxy coated rebar will increase the chance of error in making the measurements.

Applications Half-cell potential measurements are recommended and may be used for one of the following main

purposes:

• 1. Locate corroding rebars and thus assess the present corrosion condition of the reinforcement during inspection and condition assessment of a RC structure .

• 2. Define the position for further destructive analysis (cores for chloride analysis, inspection windows to visually examine the corrosion state of the rebars etc.) and of embedded sensors for further monitoring on the basis of the results of potential measurements.

• 3. Evaluate the corrosion state of the rebars after repair work and thus evaluate the efficiency and durability of repair work.

Repo rate also known as the benchmark interest rate is the rate at which the RBI lends money to the banks for a short term. When the repo rate increases, borrowing from RBI becomes more expensive. If RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate similarly, if it wants to make it cheaper for banks to borrow money it reduces the repo rate.

The Reserve Bank of India (RBI) released its fifth bi-monthly monetary policy statement recently in which the Monetary Policy Committee (MPC), led by Reserve Bank Governor , decided to keep the policy repo rate unchanged at 5.15%. In 2019, the RBI has cut repo rate by 135 basis points so far to a nine-year low of 5.15%.

The Monetary Policy Committee (MPC) had discussions during 3rd, 4th and 5th December, 2019. It deliberated extensively on the current and evolving macroeconomic and financial conditions, and the outlook. Based on its considered assessment, the MPC voted unanimously to keep the policy rate unchanged. It, however, decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target.

Despite cutting policy rates by 135 basis points so far this year, new loans have seen a transmission of only 44 basis points so far. The MPC decided to wait for the lending rate to reflect full transmission before going ahead with a rate cut. But made it clear that there is a need to optimize the impact of rate reductions.

The MPC was of the view that economic activity has weakened further and the output gap remains negative. However, several measures already initiated by the Government and the monetary easing undertaken by the Reserve Bank since February 2019 are gradually expected to further feed into the real economy.

RBI also revised its inflation forecast for the second half of the current fiscal to 4.7-5.1% from 3.5-3.7%. This comes after consumer price inflation quickened to 4.62% in October, breaching the 4% target for the first time since July 2018.

RBI keeps key rate on hold after five straight cuts:-


As a continuation of the previous edition, we are outlining the following three key global economic indicators out of twelve relevant indicators/benchmarks pertaining to the global economy to gather an insight in to the current scenario. The charts are prepared based on the latest data available in the Bloomberg terminal.

Economy & Market Watch

The Brazil GDP, a proxy for commodity exporters throughout the world advanced 0.6 percent on quarter in the three months to September 2019.

A gauge of inflation in the euro area and the main measure watched by the European Central Bank.

ECB has been attempting to lift inflation for a significant time with inflation having shown a negative trend from Q3 FY18. Attempts of keeping interest rates negative and stimulus measures have not yielded commensurate results.

An insight into demand for one of Asia’s key exporters especially of technology.

South Korea’s exports have plunged for the 12th month in a row in November,2019 hinting that global manufacturing is still a long way from stabilizing. The standoff between US and China with regard to trade deal has had a significant impact on global manufacturing.

Brazil GDP - 0.6% (as on last quarter)

Euro- Area Inflation – 0.7% ( as on 30/11/2019)

South Korea Exports - 14.3% ( As on 30/11/2019)


Administrative Inspection Wing notes...

Total Monthly sala 17.95 Cr

KIIFB Security Bond Subscribed 18.32 Cr

No of Prize Money Deposited 1797

Total Amount of Prize Money Deposited 58.28 Cr

No of Prize Money Disbursed 666

Total Amount of Prize Money Disbursed 20.93 Cr

Total Amount Collected (in Crore) 108.95

Total Leads 125553

KYC Approved Customers 28270

Chit Subscriptions 12653

KIIFB Deposit Bond Subscribed 58.6 Cr

PRAVASI Chitty Statistics as of 15th December 2019

The Administrative Inspection Wing (AIW), during the last fortnight evaluated the progress of Land Acquisition under the project “Bio 360- Life Science Park Phase-II” by Kerala State Industries Development Corporation (KSIDC) along with an inspection in Kerala State Electricity Board Ltd (KSEBL) on the progress of implementation of Health Sector Projects assigned to them as SPV.

The Land Acquisition process for the project “Bio 360- Life Science Park Phase II” is not finalized yet mainly due to pending Court Cases. Out of the 128.5 Acers of land to be acquired as approved by KIIFB on 27.10.17,only 86.07 Acers is taken into possession. Though the above land was handed over to KSIDC during December 2017, the acquisition of remaining land is delayed due to the Court Cases long pending with High Court and due to the existence of a large Mine in a portion of the land to be acquired. Although the issue of reclamation of Mine has been taken up with Mining & Geology Department, but no fruitful action taken by the Department so far. Though High Court Stay vacated by the Hon’ble Supreme Court in some cases, Land Acquisition Officer (LAO) has not initiated action to acquire the land as reported. The Observations on inspection were communicated to the Administrative Department for urgent necessary action.

The current status of projects approved by KIIFB under Health Sector which are to be implemented by KESBL as SPV is as follows:

On verification of the project file, tender documents and other connected records, the AIW

Sl No

Name of Hospital

KIIFB approval

onPresent Status

1Speciality Hospital, Mattannur.

28.06.19

Work awarded to Rajdeep Buildcon Pvt Ltd. Maharashtra but Agreement not signed.

2 Taluk Hospital Kottarakkara 22.06.19

Tendered. Tech. Bids under processing

3 Taluk Hospital Karunagappally 22.06.19 Tendered.

Tech. Bids not opened

4Taluk Hospital Kundara 16.09.19 TS issued. Not tendered

has observed that Technical Sanction Committee and Tender Acceptance Authority are not constituted in the SPV as per KIIFB Guidelines. Snce the proposal of SPV for Govt. approval of the above Committees was not considered by the Administrative Department (Health Department), the issue was directly taken up with Govt. by KIIFB. It has also observed that Statutory Clearances were not obtained before TS/Tender in most of the cases as stipulated in KIIFB guidelines and in the case of ‘Speciality Hospital Mattannur’ Building Permit is not received though work order issued. On verification of the bid documents submitted by the bidders it has found that the proof of experience of Sub Contractors of MEP, HVAC etc were not obtained at the time of tender as per tender conditions. The tender documents including WBS are not uploaded and Bank Account for retention amount is not opened. The issues observed will be taken up with the SPV for urgent rectification. The upkeeping of Files and Documents related to the projects are appreciable

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE12Printed and Published on 15/12/2019, by the Chief Executive Officer for KIIFB, Felicity Square, 2nd Floor, Opp. AG’s Office,

M G Road, Thiruvananthapuram 695 001 Tel: +91 471 278 0900 [email protected], www.kiifb.org

Sl. No. Country Registered Subscribed

CustomersSubscribed

Chittals

1 U A E 26408 17809 7798

2 Qatar 4792 2917 1138

3 Saudi Arabia 4432 2670 1152

4 Kuwait 2478 1529 680

5 Oman 2424 1558 679

6 Bahrain 1687 1054 500

7 India 548 101 45

8 U K 416 224 97

9 Ireland 121 60 34

10 Australia 83 36 15

11 U S A 61 28 16

12 Malta 59 28 22

13 Germany 56 38 19

14 Canada 52 23 6

15 Italy 44 25 12

16 Singapore 41 30 25

17 Maldives 29 15 6

18 New Zealand 25 13 21

19 Netherlands 23 12 6

20 Malaysia 16 7 3

21 Israel 14 6 4

22 Austria 13 9 2

23 France 13 6 1

24 Poland 13 7

25 Norway 8 4 4

26 Thailand 8 4 1

27 Albania 7 3 1

28 Brunei 7 6 1

29 China 7 4

30 Spain 7 5

31 Belgium 6 3 3

32 Switzerland 6 3 3

33 Czech Republic 6 3 1

PRAVASI Chitty Progress Report as of 15th December 2019

pravasi.ksfe.com [email protected]

34 Japan 5 3 3

35 Nigeria 5 1

36 Portugal 5 2

37 Russia 5 3 2

38 Sweden 5 2 1

39 Jordan 4 1

40 Kenya 4 2

41 Latvia 4 1

42 South Africa 4 1

43 Finland 3 3

44 Hong Kong 3 1

45 Iraq 3 2

46 Kazakhstan 3 1 1

47 Uganda 3 1 1

48 Denmark 2 1

49 Lebanon 2 1 2

50 Luxembourg 2 0

51 Mauritius 2 1

52 Turkey 2 2 1

53 Tanzania 2 0

54 Costa Rica 1 0

55 Christmas Island 1 0

56 Estonia 1 0

57 Egypt 1 0

58 Croatia 1 0

59 Hungary 1 0

60 Indonesia 1 0

61 Korea, South 1 0

62 Mexico 1 1 1

63 Philippines 1 1 1

64 Romania 1 0

65 Slovenia 1 0

Total 43990 28271 12308