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KIIFB NEWSLETTER Vol 2. Issue 5.1

Our ChairmanShri. Pinarayi VijayanHon. Chief Minister

Our Vice ChairmanDr. T M Thomas Isaac

Hon. Minister for Finance

Defining the Future

Fourth Meeting of the Fund Trustee Advisory Commission in progress

Shri. Vinod Rai, Smt. Usha Thorat and Shri G Padmanabhan

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE2

From the CEO’s desk..........

More in our next edition. Happy Reading

Chief Executive Officer, KIIFB

The previous fortnight kept us very busy with the preparations for the Fourth Meeting of the Fund Trustee Advisory Commission (FTAC).

As was brought out in a few previous editions of this Newsletter, the FTAC is a statutory body under the KIIFB (Amendment) Act, 2016. It is at once a regulatory oversight body which is a trustee for all investors in KIIFB and an advisory council to KIIFB, which works arm’s length from KIIFB. The Commission is constituted by the KIIF Board for a tenure of two years, but is armed with huge powers under the Statute. The body is independent and cannot be disbanded during its tenure of two years. The members are required to be experts with proven experience at the national or international levels in any of the fields of banking, financial regulation, financial markets, administration or economics.

The Commission is given the role under the KIIF Act to serve as the trustee of the fund and help to ensure that all investments of the fund serve the purpose and intent of the Statute and that there is no diversion of funds of the Board. The Commission, with the approval of majority of its members, issues a “Fidelity Certificate” every six months certifying that the application of funds and the investment of surplus funds are in conformity with the Act. In addition, the Act provides that the Government shall lay before the State Legislative Assembly along with the presentation of the Annual budget a certificate from the Fund Trustee and Advisory Commission to the effect that the funds of the Board have been deployed for the purposes intended and that surplus funds have been managed as laid down under the provisions of the Act itself.

It is the design of this instrument called the ‘Fidelity Certificate’ that has been a game changer for an institution like KIIFB. In all the numerous discussions, that my team and I have had with investors across the globe, this structure has been a great source of comfort for their risk management groups. Conceptually, this novel arrangement provides a statutory link between the integrity and rigour of the processes adopted in KIIFB and the constitutional provision of the State Budget itself.

Currently, KIIFB is fortunate to have three illustrious members on the Commission chaired by

Shri. Vinod Rai – a former IAS officer who served as the 11th Comptroller and Auditor General of India. He is the current chairman of UN Panel of External Auditors and Honorary Advisor to the Railways. He is widely considered as symbol of the anti-corruption movement and is credited with having turned the office of CAG into a powerful force for accountability and transparency in contemporary India. Smt. Usha Thorat who served as Deputy Governor of the Reserve Bank of India (RBI) between 2005 and 2010 is a member on the Commission. Prior to this she was the Executive Director of the RBI. She has also been the Reserve Bank of India nominee on the boards of Bank of Baroda, Indian Overseas Bank and the Securities Trading Corporation of India. Shri. G Padmanabhan who retired as the Executive Director of the Reserve Bank of India, where he looked after Department of Information and Technology, Department of Payment and Settlement Systems and Foreign Exchange Department is also a member of the Commission.

In fact, on a lighter note, I would like to share an interesting incident in our Masala Bond Negotiations that brings out the credibility and the high esteem that our FTAC enjoys globally. The Team Leader of one of the global investors, during our investor meetings asked us whether it is legally possible to include a condition in the Bond that the composition of the current FTAC comprising Shri. Vinod Rai, Smt. Usha Thorat and Sri. G. Padmanabhan, will not be changed for the next five years!

In the fourth meeting of FTAC on 26th April 2019, the four divisions in KIIFB viz. Finance & Administration, Project Appraisal, Technical Inspection Wing and Administrative Inspection Wings separately made presentations of their activities to date. This was followed by a detailed presentation on the terms that had been agreed on with the anchor investor and applicable to all investors in the Masala Bond. After very detailed discussions, the FTAC approved the Fidelity Certificate for the period April – September 2018 and issued the provisional Fidelity Certificate for the period October – March 2019. For the last half year, the certificate had to be provisional because the final GST and tax figures will be available only by May.

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 3

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

Infrastructure 533 28030.89

Industrial Infra 3 14275.17

Total 536 42306..06

Projects Approved by KIIFBInfrastructure projects totalling about Rs.28000 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:

InfrastructureSector wise number of Infrastructure projects approved, and their cumulative approved cost are tabulated

below:

Department Nos. Amount (Rs. in cr.)

PWD - Roads 147 6299.20

PWD - Bridges 52 1407.05

PWD - ROBs 24 789.42

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 68 3489.29

General Education 76 2037.91

Health & Family Welfare 16 1615.70

Information Technology 3 1174.13

Coastal Shipping & Inland Navigation 1 566.51

Higher Education 26 562.02

Sports & Youth Affairs 29 601.38

Department Nos. Amount (Rs. in cr.)

Transport 3 556.49

Forest 4 441.67

Culture 8 194.34

SC / ST Development 9 186.60

Fisherier & 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 533 28030.89

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

Industrial Infra

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

Industrial Park 2 1565.17

Land for Industrial Infra 1 12710.00

Total 3 14275.17

Focus Sector: General EducationKerala’s achievement as a State in the field of

education and literacy is remarkable. Education has always been a pivotal factor in achieving high social development and human development indicators. The large network of lower primary, upper primary, high school and higher secondary schools under the General Education department forms the backbone of our education system. Despite remarkable achievements in education, there exists a wide gap in the quality of education imparted. Also, there are significant deficits in educational infrastructure, student facilities and amenities in schools.

The portfolio of Kerala Infrastructure Investment Fund Board is not limited to physical infrastructure for economic development. With the financing of the Government of Kerala’s ambitious Protection of Public Education (PPE) Mission, KIIFB has expanded its project portfolio to the education sector as well.

The PPE Mission targets upgrading the public education system in Kerala to international standards, the objectives being:

i. Improvement in pedagogy which will facilitate shift from a teacher-centric to a student-centric approach.

ii. Technology intervention through high-tech classrooms and academic content creation.

iii. Up-gradation of physical infrastructure through addition of classrooms, laboratories, libraries, extra-curricular activity centres, and facilities for hygiene, sanitation and school security.

Upgrading the physical infrastructure in schools A first of its kind education infrastructure

improvement project in the country, the project is

pioneered by the General Education Department of Government of Kerala. The detailed project report was evolved from the Academic Master Plan prepared for each of the selected schools.

Phase I of the project involves funding for the following works:

• Upgrading 141 high schools (one in each assembly constituency) as ‘Centres of Excellence’ at an estimated cost of Rs.5.00 crore each, and a total cost of Rs.705.00 crore.

• Betterment of infrastructure facilities in 229 other schools at an estimated cost of Rs.3.00 crore each, and a total cost of Rs.687.00 crore.

Considering the importance of the scheme and its far-reaching impact on the education sector of the State, the Board and Executive Committee of KIIFB approved in clusters – 141 Centres of Excellence category high schools out of 141, and 185 other schools out of the 229. The balance schools are in various stages of appraisal and DPR preparation.

The project is being implemented by Kerala Infrastructure and Technology for Education (KITE), and the on-ground execution of works is in progress. The state-wide construction and development activities related to the project were inaugurated by Dr. T. M. Thomas Isaac, Honourable Minister of Finance, Government of Kerala and Vice Chairman, KIIFB on 26th April 2018 at the Government Higher Secondary School, Kazhakuttam. Currently Construction is in active pace in most of the schools.

Hi-Tech ClassroomsThe project envisages upgrading government

and aided schools to international standards in terms of teaching and learning, academic content,


ICT (information and communications technology) infrastructure, and capacity building and monitoring.

Phase 1: High School and Higher Secondary SchoolsThe main objective of the project in the first phase

is making all classes from 8th to 12th standard IT enabled and setting up computer labs in each school.

The project targets enhancing 45,000 classrooms and 4,775 ICT labs in the State’s School domain to international standards. The classrooms would be equipped with digital interactive textbooks, digital content collection for easy learning, resource portal which would enable a round-the-clock learning environment, e-learning / m-learning / learning management systems, evaluation mechanisms, multimedia projectors, sound systems and high-speed internet connection, and offline servers hosting educational content connected to classrooms, libraries and labs.

The project was approved at a cost of Rs.493.50 crore by KIIFB Board. It is being implemented by Kerala Infrastructure and Technology for Education (KITE) for the General Education Department of Government of Kerala.

Phase 2: Lower Primary and Upper Primary SchoolsPhase 2 development of the project will be

benefiting about 9941 (5396 Nos. Lower Primary, 2565 Nos. Upper Primary and 1980 High School attached LP/UP) schools in the State. Under the project, 55086 Laptops, 23170 Projectors, 3248 TVs and 5644 multifunction printers will be installed across schools. HiTech Labs set across these schools with these equipment will increase the learning atmosphere. The project was approved at a cost of Rs. 292.00 crore by KIIFB and is being implemented by KITE

Malappuram69 Malabar Special Police H.S.S Malappuram70 Pookkottur Govt.H.S.S Malappuram71 Pulamanthol Govt.H.S.S Perinthalmanna72 Kunnakkavu Govt.H.S.S Perinthalmanna73 Karakkunnu Govt.H.S.S Manjeri74 Manjeri G.B.H.S.S Manjeri75 Vaniyambalam Govt.H.S.S Wandoor76 Thiruvali G.H.S.S Wandoor77 Karuvakkundu G.H.S.S Wandoor78 Pullangode G.H.S.S Nilambur79 Pookkottumpadam G.H.S.S Nilambur80 Moothedath G.H.S.S Nilambur81 Idakkara G.H.S.S Nilambur82 Areekkode G.H.S.S Eranad83 Kavanur G.H.S.S Eranad84 Kottappuram G.H.S.S Kondotty85 Vazhakkad G.H.S.S Kondotty86 Mannancheri Govt. H.S Ponnani87 Karippol G.M.H.S Tirur88 Thrikkulam Govt. H.S Thirurangadi89 Anchachavadi Govt. H.S Wandoor90 Chaliyappuram Govt. H.S Kondotty

Palakkad91 Malampuzha G.V.H.S.S Malampuzha92 Koppam G.V.H.S.S Pattambi93 Kottayi Govt.H.S.S Alathur93 Kottayi Govt.H.S.S Alathur94 Koduvayur Govt.H.S.S Nenmara95 Chittur Govt. G.V.G.H.S.S Chittoor

General Education Projects - Continued from Our Last Edition Vol_2_Issue 4.2


96 Pattambi Govt.H.S.S Pattambi97 Vadanamkurissi Govt.H.S.S Pattambi98 Chalisseri Govt.H.S.S Thrithala99 Idathanattukara G.V.H.S Mannarkad

100 Karakkurissi VHSS Kongad101 Pazhanji Govt. V.H.S.S Kunnamkulam102 Desamangalam Govt. V.H.S.S Chelakkara103 Thiruvilwamala Govt. V.H.S.S Chelakkara104 Kodungallur Govt. H.S.S Kodungallur105 Kodungallur Govt. G.H.S.S Kodungallur106 Chembuchira Govt.H.S.S Puthukkad107 Nattika Govt. Fisheries H.S.S Nattika108 Villadam Govt.H.S.S Thrissur109 Peechi Govt.H.S.S Ollur110 Erumappetti Govt.H.S.S Kunnamkulam111 Varavoor Govt.H.S.S Chelakkara112 Chelakkara Govt. S.M.T H.S.S Chelakkara113 Pazhayannur Govt.H.S.S Chelakkara114 Thrikkur T.P.H.S Puthukkad115 Vadakkancheri Govt.G.H.S Vaddakancheri116 Kochanoor Govt. H.S Guruvayoor

Ernakulam117 Pallarimangalam Govt. V.H.S.S Kothamangalam118 Kaitharam Govt. V.H.S.S Paravur119 Kadayirippu Govt.H.S.S Kunnathunadu120 Vennala Govt.H.S.S Thrikkakara121 Kallil Govt.H.S.S Perumbavoor122 Kunnukara Govt. J.B.S Kalamassery

Idukki124 Kumali Govt. V.H.S.S.T.T.I Peerumedu125 Rajakkad Govt.H.S.S Udumbanchola126 Adimali Govt. H.S Devikulam65 Thiroorangadi Govt.H.S.S Thirurangadi66 Puthupparamba Govt.H.S.S Thirurangadi67 Calicut University Campus G.M.H.S.S Malappuram68 Othungal Govt.H.S.S Vengara

Alappuzha127 Ramapuram Govt.H.S.S Kayamkulam128 Mangalam Govt.H.S.S Harippad129 Naluchira Govt.H.S.S Ambalapuzha130 S.L.Puram Govt. G.S.M.M.H.S.S Alappuzha131 Charamangalam Govt. D.V.H.S.S. Cherthala132 Cherthala South G.H.S.S Cherthala133 Thirunellur G.H.S.S Aroor134 Marancheri Govt.H.S.S Alappuzha135 Kakkazham Govt. H.S Ambalapuzha136 Pollathai Govt. H.S Alappuzha137 Vallikunnam GKKMHSS Mavelikkara

Kottayam138 Thalayolapparambu A.J.J.M. G.H.S.S Vaikkom


139 Kumarakom Govt.H.S.S Ettumanoor140 Panamattom Govt.H.S.S Kanjirapally141 Thottakkonam Govt. H.S.S Adoor142 Maroor Govt. H.S.S Adoor143 Kizhakkupuram Govt.H.S.S Adoor144 Peringanad T.M.G H.S.S Adoor145 Adoor Govt.G.H.S.S Adoor146 Chittar Govt.H.S.S Konni147 Kalanjur Govt.H.S.S Konni148 Kunnathanam Palakkal Thakidi St.Mary's Govt. H.S Thiruvalla149 Ezhumattur GHSS Ranni150 Edamuri GHSS Ranni

Kollam151 Iravipuram Govt. V.H.S.S Eravipuram 152 Bhoothakkulam Govt.H.S.S Chathanoor153 Chithara Govt.H.S.S Chadayamangalam154 Anchal West Govt.H.S.S Punalur155 Punalur Govt.H.S.S Punalur156 Yeroor Govt.H.S.S Punalur157 Panmanayil S.B.V.S. Govt.H.S.S Chavara158 Vallikkeezhu Govt.H.S.S Chavara159 Chavara Govt.H.S.S Chavara160 Kulasekharapuram Govt.H.S.S Karunagapalli161 Pooyappalli Govt. H.S Chathanoor162 Kadappa Govt.L.V.H.S Kunnathur163 Thazhava Govt. A.V. Boys H.S Karunagapalli164 Ottakal GHSS Punalur165 Mangad GHSS * Kollam166 Panayil GHS * Chavara

Thiruvananthapuram167 Kulathur Govt.V & H.S.S Neyyatinkara168 Vellanad Govt. Govt.V & H.S.S Aruvikkkara169 Vattiyoorkavu Govt.V & H.S.S Vattiyoorkavu170 Kallara Govt. V.H.S.S Vamanapuram171 Njekkad Govt. V.H.S.S Varkala172 Venganur Model H.S.S Kovalam173 Kulathur Govt. H.S.S (Kazhakkoottam) Kazhakoottam174 Bharathannur Govt. H.S.S Vamanapuram175 Thonnakkal Govt. H.S.S Chirayinkeezhu176 Attingal Govt. G.H.S.S Attingal177 Kilimanur Govt. H.S.S Attingal178 Mithrumala Govt. B.H.S.S Vamanapuram179 Navayikkulam Govt.H.S.S Varkala180 Palayamkunnu Govt.H.S.S Varkala181 Perumbazhathoor Govt. H.S Neyyatinkara182 Plavur Govt. H.S Kattakada183 Avanavancheri Govt. H.S Attingal184 Attingal DIET H.S Attingal185 Neyyardam GHSS Kattakada


IntroductionPrecast construction is a type of construction

where components of a structure which are cast in a controlled environment are assembled on-site. This method of construction is quite different from the conventional method where the basic materials are transported to the site and constructed there. The aim of this technique is to deliver quality product in less time, cost and labour. The use of this technique helps reduce upto 64% of the time taken compared to conventional method.

The idea ‘building it brick by brick’ to ‘build it before you build it’ is innovative. With the rise in usage of precast, India is said to become world’s third largest construction industry by 2025. This rise in precast construction is mainly due to the use of advanced softwares such as Building Information Modelling – BIM. The usage of BIM helps to ease the design flow and it also provides information on design, specification and construction issues. Additionally, BIM can also enable to track time, errors, and cost.

History of precast constructionPrefabrication is a concept that dates back

to the Mesopotamian civilization, the first known prefab was a panelised wood house shipped from England to Massachusetts. As years passed concept evolved constructing iconic structures, one major structure is the Eiffel Tower. The Eiffel Tower was built quickly and there was a significant cut down on the cost and labour. Later came in precast concrete blocks, this was an accomplishment in making affordable housing to anyone. Further advancements were brought in with the invention of 3D printing, BIM and automation. What this concept brings forth is mass production of sustainable affordable infrastructure.

Precast ConcreteA precast unit is a concrete unit that has been

cast into a specific shape and cured in a controlled environment. Steel reinforcement is given to increase strength, resistance and durability to the concrete. Then after inspection for any flaws units are assembled to form a larger structure.

Applications of precast concrete include foundations, beams, slabs, walls, roofs etc. It is necessary they are designed and tested to take both the tensile and compressive loads that the member will have to with stand during its lifespan.

ApplicationsPrecast floor and roof slabThe slabs are casted in a controlled environment

where it is possible to provide conditions favourable for proper strength gain and proper curing. The reinforcements are laid in the mould and then casted. The long-span slabs are usually prestressed. Types of precast slab include solid slab and hollow core. Fig1 shows a precast slab in use.

PRECAST CONSTRUCTION - AN INNOVATIVE TECHNIQUE TO ACCELERATE THE CONSTRUCTION PROCESS

Fig 1


Precast wallsPrecast solid wall and insulated walls can be

used instead of conventional brickwork/block work. Insulated walls provide insulation against temperature changes. These walls are load bearing structures. Different types of finishes and colours can be done in this eliminating the need for plastering. It has electrical boxes and conduit in the panels, to provide electrical wiring. These can be used for boundary walls too. Fig 2 shows a precast wall being installed.

Precast retaining walls can be cast in various size and shapes and it’s easier to erect at site. Fig 3 is a type of pre-cast retaining wall.

Precast footingsPrecast footings come in various sizes for various

applications, starting from footings for boundary wall posts to column footings. They are precast and placed on top of PCC. Such footings help fasten sub structure work. Fig 4 shows an installed precast footing.

Precast columns and beamsColumns and beams of any size can be casted,

applicable for residential and commercial buildings. They are either cast in-site or made in a factory and then transported to the site. It eliminates the need for formwork and supports. Fig 5 shows a precast column being erected.

Fig 5Fig 3

Fig 2

Fig 4


Cost FactorCost of construction with this technology is

marginally higher than the conventional method. But on practical consideration when we consider the wastage, control and speed of construction with best quality and with virtually no repair and rework cost, it works out to the same value and eventually the clients will get much superior product with the same investment.

Advantages of Precast Construction

1. Improves quality in construction - gets components with high load bearing capacity.

2. Cost-effective- as time taken reduces, it becomes cost effective.

3. Longer durability - durable against weather, corrosion, accumulation of dust and requires minimum maintenance.

4. Resistant to environment - from fires, insects, mold, extreme weather conditions etc.

5. Better aesthetics- can choose from a wide range of finishes or could be designed to one’s imagination. And its environmental friendliness.

Disadvantages of Precast Construction

1. High initial investment.2. High cost in transportation.3. Difficulty in handling-uses cranes to erect.4. Need of skilled labour.

Way ForwardIn India there is a huge shortage in housing

sector. A recent report suggests a demand of nearly 27 million units. With shortages in skilled manpower, brick and mortar meeting this demand is difficult. With the usage of precast units it will be easier to meet this growing need.

In Mohali, Punjab an Indian company Instacon erected a 10 storey building with an area of 25,000sq.m in 3 months. Each floor of the building was divided into four equal sized blocks and cast in a factory, transported and then assembled in the site. Fig 6 (Reference: Times of India; June 20,2013).

Multi-level car park for domestic airport, Mumbai with an area of 30,497sq.m has been completed by L&T

Considering all this, KIIFB looks to implement the precast construction technique to meet the increasing need of buildings. Usage of precast drains and pavements is a good start in the implementation of this technique. Looking at the case of “Rebuild Kerala” there is an urgent need of much number of buildings, which were lost in floods. Building a school or hospital in conventional method will take years to complete. But with this technique the time taken can be shortened by nearly 3/4th and it has lower lifetime costs than any other building. Hence is an appropriate solution for the need.

Fig 6


SPECIAL LAND ACQUISITION UNITS FOR KIIFB PROJECTS

Kerala Infrastructure Investment Fund Board has accorded approval for 536 Nos. of projects in various sectors with a total outlay of ₹42306.06 crore. Work has already commenced in 208 projects. This progress is very remarkable when compared to the previous track record of project execution in the State of Kerala. However, the delay in land acquisition has remained a prominent pre-construction hurdle for many of the projects. Non-availability of land and right of way are affecting and delaying the progress and commencement of many projects approved by the Board.

Land acquisition of nearly 600 hectares is under progress for various KIIFB projects and the SPVs executing the projects are relying solely on the existing administrative machinery of Revenue Department. With the massive rolling out of projects currently underway, the prevailing system is ill equipped to meet the project timelines for land acquisition.

In this context, was proposed that dedicated Land Acquisition Units be created for KIIFB projects. Subsequently, the matter was placed for the consideration of the Executive Committee of KIIFB in its 9th meeting and thereafter, the EC resolved to set up a dedicated LA Support and Coordination Unit at KIIFB Headquarters and 4 Nos. of dedicated

LA Units based at Thiruvananthapuram, Alappuzha, Malappuram & Kannur.

The matter was taken up with the Govt on a war footing and vide G.O(Rt) No.693/2019/RD dated 28/02/2019 Govt accorded sanction for the creation of 4 new Special Land Acquisition units headed by Special Tahsildars based at Thiruvananthapuram, Alappuzha, Malappuram & Kannur consisting of 13 staff members each exclusively for the acquisition of land for KIIFB projects.

Subsequently, the Special Tahsildars have assumed charge in all the four regions. Necessary arrangements to set up dedicated LA offices are being taken by KIIFB and the units are expected to start functioning shortly. These LA units will assist the SPVs in land acquisition for projects funded by KIIFB. All establishment and contingency charges for these units will be borne by KIIFB.

The jurisdiction of the Thiruvananthapuram Unit will cover the districts of Thiruvananthapuram, Kollam and Pathanamthitta. Alappuzha Unit will cover the districts of Alappuzha, Kottayam, Ernakulam and Idukki. Malappuram Unit will cover the districts of Malappuram, Trissur and Palakkad. The Kannur Unit will cover the districts of Kannur, Kozhikode, Kasaragod and Wayanad.

Fourth Meeting of the Fund Trustee Advisory Commission in progress

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE12Printed and Published on 1/5/2019, 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

Administrative Inspection Wing notes...During the last fortnight AIW inspected

the office of INKEL and examined the files and documents of the projects “Development of Taluk Hospital, Chirayinkeezhu” and “Development of Govt Medical College Thiruvananthapuram Phase I- Improvements to External Infrastructure of Roads, Bridges & other Infrastructure” to check whether standard procedures applicable to tendering and work awarding has been followed.

The project “Development of Taluk Hospital, Chirayinkeezhu” was accorded financial sanction by KIIFB on 12.11.2018 for an amount of Rs.50.77 Cr. Technical Sanction has been issued for an amount of Rs. 23,85,70,931/- by INKEL on 11.12.2018. The project includes construction of a 7 storied building block and heritage building renovation. Civil works has been tendered so far.

Tenders with an EPAC of Rs.23,62,08,843/- have been floated on 13.12.18 in leading dailies with last date for submission fixed on 05.01.19. Financial bid was opened on 15.01.2019 and work was awarded to L1 bidder M/s Cresent Construction Company, Thiruvananthapuram which quoted Rs. 23,82,87,481/-. Letter of Acceptance was issued on 18.01.19 and the agreement executed on 02.02.19 after obtaining required amount of Performance Guarantee.

According to SPV work started on 20.02.19 and dismantling of roofing tiles in Heritage building completed while removal of damaged lime plaster, lime wash, old paint in joineries, demolition of damaged walls etc in progress.

Financial Sanction for the project “Development of Govt Medical College Thiruvananthapuram Phase I- Improvements to External Infrastructure of Roads, Bridges & other Infrastructure” was accorded by KIIFB on 13.11.18 for an amount of Rs. 58.37 Crore. Technical Sanction was issued on 06.12.18 by INKEL for an amount of Rs. 32,81,48,591/. Tenders floated on 17.12.18 with EPAC of Rs. 32,48,99,595/- has been cancelled as both the companies participated in the e-tendering was run by the same management. Retender was floated on 25.01.19 with bid submission end date fixed on 02.02.19. Financial bid was opened on 05.04.19 and work was awarded to the L1 bidder M/s. Ray Constructions Ltd, Mumbai which quoted Rs. 33,48,41,523/-. SPV assured that LOA will be issued soon and works will be started thereafter.

AIW observed that :

• For Health Sector Projects, Technical Committee and Tender Acceptance Authority were not yet constituted as per KIIFB guidelines. This is being taken up with the Department and SPV.

Customer Registration is now open in all GCC Countries

From May 17th 2019, Pravasi Chittty will be available on all

European Countrieshttps://pravasi.ksfe.comEmail: [email protected]

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