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The Hindu

National

The Hindu Bureau

Vattiyurkavu junction development: ₹345.49 crore has been handed over for land acquisition

An amount of ₹345.49 crore has been handed over for the purpose of land acquisition for Vattiyurkavu junction development.

Officials of the Kerala Road Fund Board (KRFB), the special purpose vehicle for the project, handed over the fund allocated from Kerala Infrastructure Investment Fund Board (KIIFB) to District Collector Geromic George at the Collectorate on Saturday.

Vattiyurkavu MLA V.K. Prasanth said that the process of fund disbursal for land acquisition would be completed in a time-bound manner. The earlier estimate of ₹341.79 crore for the development project had now been revised, and an administrative sanction of ₹660 crore had now been obtained from KIIFB, he said.

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