KOCHI: Vyttila Mobility Hub Society (VMHS) has decided to approach the Union government to include the second phase development of Vyttila Mobility Hub in the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme. This decision was taken after efforts to secure bank loans for the project faced a set back.
Officials of VMHS and Kerala Sustainable Urban Development Project (KSUDP) met in Thiruvananthapuram on Friday and approved the move.
Though a consortium of banks had agreed to provide Rs 264 crore for the second phase work, the state government failed to provide permission for obtaining loan from the consortium of banks, which leads to the expiry of the sanction accorded by the banks.
The effort by VMHS authorities to renew bank sanction also failed. After this incident, VMHS decided to seek JNNURM funding. VMHS needs Rs 376 crore to complete phase II work of the project.
VMHS has asked Kitco, the consultants of the project, to modify the project report so as to suit the norms of JNNURM scheme. "As Kitco has already prepared a detailed project report (DPR) for the second phase of the hub, it requires only minor changes. Kitco has completed the design of the project as well. The design will be sent to the Union government along with the project report," said a top KSUDP official.
Normally such projects are submitted through the local body concerned. But the corporation failed to include the project under its JNNURM proposal.
Meanwhile, sources said VMHS itself can directly move the proposal as the society comes under local self government department.
The state government has allotted Rs 5 crore for the project while Greater Cochin Development Authority (GCDA) and Goshree Islands Development Authority (GIDA) have offered Rs 20 crore each.
In the offing
A superstructure for office and commercial purposes and two boat jetties
Bus bays for long distance and city buses
A total 118 bus bays will be constructed
Metro rail station
Bus clinics for KSRTC and private buses
Police aid post
Pre-paid autorickshaw stand with parking facility for 100 vehicles
Facility for parking 175 buses, up to 6,000 cars, and around 10,000 two-wheelers