KIIFB NEWSLETTER

Vol 2. Issue 11.1

Defining the Future

KIIFB Approved Projects

Infrastructure
Amount Amount
Department Nos. Department Nos.
(Rs. in Cr.) (Rs. in cr.)
PWD 278 11936.43 Culture 8 194.34
Power 15 5200.00 SC / ST Development 9 186.60
Water Resources 80 4753.21 Fisheries & Ports 4 212.04
General Education 76 2037.91 Devaswom 1 141.75
Health & Family Welfare 24 2035.99 Registration 6 89.88
Our Chairman
Shri. Pinarayi Vijayan Information Technology 3 1412.86 Labour & Skills 5 82.50
Hon. Chief Minister Tourism 3 72.47
Coastal Shipping & Inland
1 566.51
Navigation Home 1 50.14
Higher Education 26 562.02 Local Self Government 3 31.69
Sports & Youth Affairs 35 732.53 Agriculture 1 14.28
Transport 3 556.49 Revenue 2 32.62
Forest 4 441.67 Total 588 31343.93

Industrial Infra Total Outlay

Amount Amount
Type of Project Nos. Type of Project Nos.
(Rs. in Cr.) (Rs. in Cr.)
Industrial Park 2 1,565.17 Infrastructure 588 31,343.93
Our Vice Chairman
Dr. T M Thomas Isaac Land for Industrial Infra 1 12,710.00 Industrial Infra 3 14,275.17
Hon. Minister for Finance
Total 3 14,275.17 Total 591 45,619.10
From the CEO’s desk…
Today in this edition, we continue our scan of the various processes followed in KIIFB.
Many readers have asked me as to how a small organisation like KIIFB is able to manage a portfolio of
Rs.50,000 crore projects giving equal emphasis to Appraisal, Financing and Quality Control. I offer them
two standard explanations, firstly, of course, KIIFB has a highly motivated and professional team and
secondly, our decision to make all processes digital including the way we make our payments.
In the last edition, the project appraisal process was explained briefly. Today we attempt to give the reader
a ‘systems’ view of the same appraisal process and the steps involved in the PROJECT AND FINANCE
MANAGEMENT SYSTEM of KIIFB.
Any project taken up in KIIFB comes through three approved channels.
1. Projects that are specified in the Budget Speech of the Hon. Minister (Finance)
2. Projects that are based on an ‘in-principle’ or administrative sanction based on an order of the Council
of Ministers.
3. Projects that are directly approved by the KIIF Board chaired by the Hon. Chief Minister
Each of the Special Purpose Vehicles (SPVs) and the concerned Administrative Departments are assigned
user access to the Project and Finance Management System. The SPV uploads the DPR documents into the
system. Documents are categorised based on whether it refers to a general DPR, Land acquisition Details,
Drawing, Cost-Benefit analysis etc.
Once the DPR details are saved, the SPV then submits the Sub-project for confirmation by the Administrative
Department. The Secretary to the Administrative Department in Government or the person authorised by
him accesses the system, the project submission is confirmed. The Administrative Sanction issued by the
Department for a specific project is also uploaded along with this. The Secretary of the Administrative
Department may, in his or her discretion, call for more details from the SPV.
Once the SPV obtains the confirmation from the Administrative Department, the project is then ready for a
process called DPR Format Confirmation by KIIFB. This is to ensure that the details required are covered in
the submission of the sub-project and helps to cut down on time lost at the final submission of the project.
When a sub-project is submitted by the SPV for format confirmation, KIIFB can call for revision or for
supplementary information.
Once KIIFB confirms the project, at this stage the appraisal file in respect of that sub-project gets created. At
this stage too, it is possible for KIIFB to seek additional details through the system itself. The project is then
placed before the KIIF Board or Executive Committee depending on the total value of the project. At this
stage after KIIFB approves the Project/Sub Project the SPV can create Packages for the required sub-project.
The package is the lowest atomic unit at which Technical Sanction and Tender Procedures can be initiated.
More about processes in KIIFB in the future editions.
In this fortnight, we have selected Palakkad as our focus district. Several very vital projects are included for
Palakkad in the KIIFB list. This includes 40 projects apart from the share of the District in the state-wide
projects in Education and Health.

Happy Reading
Chief Executive Officer, KIIFB

2 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE

Focus District: Palakkad
Palakkad is the largest district in the state of
Kerala. It is bordered by districts of Malappuram on
northwest and Thrissur on southwest, Nilgiris and
Coimbatore (Tamilnadu) on the east. Palakkad is the
gateway to Kerala. Palakkad Churam in Western ghats
connect Kerala to the neighbouring states. The district
was formed in 1 January 1957 carving out areas from
the erstwhile Malabar district of Madras Presidency.
According to 2011 census, the district has a population
of about 28.11 Lakhs. For administrative purposes,
the district is divided to six taluks of Alathur, Chittur,
Mannarkkad, Ottappalam, Palakkad and Pattambi.
Palakkad, Chittur, Nenmara, Tarur, Mannarkkad,
Malampuzha, Alathur, Thrithala, Ottapalam, Pattambi,
Kongad and Shoranur are the twelve 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, setting up of
Dialysis units in Government Hospitals.

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

Project Outlay
Sl. Sector/
Project Name/Description approved by
No Department
KIIFB in Rs. Cr.
1 V T Bhattathirippad cultural complex 56.48 Culture
Health & Family
2 Development of Taluk Hospital Chittur, 50.47
Welfare
3 Akathethara-Nadakkavil Railway Over Bridge 35.98 PWD
4 Vadanamkurissi Railway Over Bridge 30.09 PWD
5 Kodumanda Flyover 31.31 PWD
6 Improvemnts to Adakkaputhur Kalluvazhi Road km 0/000 to 5/550 16.13 PWD
Improvements to Pathamkulam Vaniyamkulam road Km 0/000 to 6/050 Providing BM
7 20.56 PWD
& BC to Vaniyamkulam - Kothakurussi road
8 Improvements to Kannadi Pannikkode road 0/00 to 10/00Km 24.09 PWD
Improvements and Providing BM & BC to Kazhani Pazhambalacode road ch from km
9 32.89 PWD
0/000 to 8/718
Improvements & Providing BM and BC to Chirakkalpadi Kanhirappuzha Road from
10 30.26 PWD
Km 0/00 to 8/00
11 Widening & Providing BM& BC TO MES College Payyanadam Road KM 0/000-8/000 21.57 PWD
Improvements of Karimannu-KulukkaparaKalliyampara-Ozhalapathy road in between
12 21.96 PWD
km 0/000 to 10/400
13 Construction of Chullimadu Bridge 9.78 PWD
14 Kamba Chalikadavu Bridge Across Kalpathy River Bharathpuzha 10.73 PWD
15 Ottappalam Bypass 78.05 PWD
16 Improvements to Kannanore-Chungamannam Road Km 0/000 to 5/200 11.73 PWD
Improvement works to Kongad-Mannarkkad Tippu Sulthan road from km 0/000-
17 53.89 PWD
16/990
18 Ottapalam - Perinthalmanna Road CH 11/000 to 16/850 Widening and Improvement 28.33 PWD
19 Improvements To Sreekrishnapuram Muriyamkanni Chethallur Road 0/000 – 12/450 45.53 PWD
20 Improvements to Railway Colony- Dhoni- Muttikkulangara road 12.66 PWD
21 Improvements To Kanjikode Industrial Estate - Mupana Road Km0/000-5/080 20.27 PWD
22 Koduvayur Bypass 38.20 PWD

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 3

 23 Vallapuzha ROB 23.28 PWD
24 Thonnalipuzha Bridge and Arangattukadavu Bridge, Tarur LAC, Distt. Palakkad 25.83 PWD
25 Construction of Odannur Bridge and Ezhuthumpura (Ezhuthumchira) bridge 17.66 PWD
26 Construction of Para – Mannukad – Panampully road bridge 8.63 PWD
Sport & Youth
27 Chittoor Govt. College Sports Complex 5.54
Affairs
Sport & Youth
28 Construction of Indoor stadium at Sree Neelakanta Govt. Sanskrit College, Pattambi, 8.34
Affairs
Augmentation of Urban Water Supply to Shornur Municipality and Vaniyamkulam
29 35.00 Water Resources
Panchayath
Augmentation of Nenmara, Ayilur & Melarcode Water Scheme in Chittur & Alathur
30 24.50 Water Resources
Taluks (Phase II)
31 WSS to Ambalappara Panchayath in Ottapalam Taluk, Palakkad District - Phase I 10.00 Water Resources
Comprehensive WSS to Thachanattukara, Alanallur and Kottopadam panchayaths in
32 22.00 Water Resources
Mannarkkad Taluk
33 Replacement of Transmission Mains in Palakkad Circle 39.29 Water Resources
CWSS to resolve the scarcity of drinking water in various grama panchayaths in
34 64.14 Water Resources
Malampuzha
Vandazhi, Kizhakkencherry, Vadakkencherry & Kannambra Comprehensive Fresh
35 69.54 Water Resources
Water distribution project – Phase II
Feroke Karuvanthuruthy villages drinking water project- Supply, laying testing and
36 commissioning of Gravity main, pumping main, & distribution syatem, scour line 18.65 Water Resources
arrangement of OHSR at Perumugham
37 Comprehensive Drinking Water projects- Karimba and Kongad Panchayaths 28.30 Water Resources
38 Elevenchery- Pallassana Comprehensive Drinking water project 17.58 Water Resources
Comprehensive Water Supply Scheme To Kozhinjampara,Vadakarapathy And
39 23.77 Water Resources
Eruthempathy
Comprehensive Drinking Water Schemes To
40 26.00 Water Resources
Perumatty,Pattenchery,Elappully,Nallepilly Panchayaths In Palakkad District-Phase II
Total 1149.01

Under Protection of Public Education (PPE) 11 GHSS Kizhakenchery Alathur

Mission, and the state-wide Project “Upgradation of 12 GVHSS Cherpulassery Shornur
One school in each constituency” the infrastructure
in following 12 (twelve) schools in the district are Under the state-wide project “Betterment
upgraded to higher standards with KIIFB funding of of Infrastructure in 229 schools, physical
Rs. 5 crore each: infrastructure in the following 10 (ten) schools in
the district are improved with a KIIFB funding of
Legislative
Sl. Rs. 3 crore each:
Name of School Assembly
No.
Constituency
Legislative
1 Chittur Govt. B.H.S.S Chittur Sl.
Name of School Assembly
No.
2 Ilappulli G.A.P. H.S.S Malampuzha Constituency
3 Govt. HSS, Pathiripala Kongad 1 Malampuzha G.V.H.S.S Malampuzha
4 Palakkad Big Bazar H.S.S Palakkad 2 Koppam G.V.H.S.S Pattambi
5 Alanallur Govt. H.S.S Mannarkad
3 Kottayi Govt.H.S.S Alathur
6 Nenmara Govt. B.H.S Nenmara
4 Koduvayur Govt.H.S.S Nenmara
7 Govt. VHSS, Kottanad Vattenad Thrithala
5 Chittur Govt. G.V.G.H.S.S Chittoor
8 Pulappatta M.N.K.M. Govt. H.S.S Ottapalam
9 GJHSS Naduvattom Pattambi 6 Pattambi Govt.H.S.S Pattambi

10 GMRS Peringottukurissi Tarur 7 Vadanamkurissi Govt.H.S.S Pattambi

4 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE

 8 Chalisseri Govt.H.S.S Thrithala
Project Showcase
Palakkad:
9 Idathanattukara G.V.H.S Mannarkad
10 Karakkurissi VHSS Kongad
Under state-wide health sector projects, the
following hospital in the district are installed
A. V T Bhattathiripad Cultural
with the following facility with KIIFB funding for
providing affordable healthcare to the citizens: Complex
Sl. The project is envisioned to serve the community
Name of Hospital Facility Installed
No as a venue for recreation, training and education.
1 Taluk Headquarters Hospital, Ottapalam Dialysis Unit The facility would offer a variety of activities for
Taluk Headquarters Hospital, a diverse group of users. The project site is spread
2 Dialysis Unit
Mannarkad across 5.76 acres of land at Yakkara village in
3 Taluk Headquarters Hospital, Chitoor Dialysis Unit Palakkad municipality, around 8 km from Palakkad
4 Taluk Headquarters Hospital, Alathur Dialysis Unit town and 5 km from the town railway station.
Under state-wide higher education project The key components proposed in the complex
“Augmentation of Infrastructure facilities in are:
Government Colleges”, the following college in the i. Performance block – with a total area of
district is upgraded: 5550.27 sq.m, split between a ground floor
KIIFB Approved (3740.61 sq.m) and first floor (1809.66 sq.m).
Sl.
No
Name of College amount in Rs. The ground floor includes a workshop, black
crore
box theatre (capacity of 100), auditorium,
1 Govt Arts and Science College Thrithala 7.43
rehearsal hall, and mixing lab. The first floor
Govt Engineering College, includes three classrooms (accommodating
2 11.52
Sreekrishnapuram, Palakkad
30 each), seminar hall (capacity of 70), AV
Total 18.95
theatre (capacity of 200), and a projector
Under state-wide Registration Department room.
project for “Setting up of new office complex”, the ii. Exhibition block – with a total area of 5056.92
following new office complex is constructed in the sq.m, split between a lower ground floor
district with KIIFB funding: (510.7 sq.m), ground floor (2651.75 sq.m),
KIIFB first floor (1499.68 sq.m) and a second floor
Sl. Approved (394.79 sq.m). The lobby is located in the
Name of College
No amount in Rs. lower ground floor, while the ground floor will
crore have a front office, memorial hall, exhibition
1 Sub-Registrar Office, Kuzhalmannam 0.593 space, art gallery, café seating, kitchen and
2 Sub-Registrar Office Thrithala 0.970 store. The administrative offices, exhibition
3 Sub-Registrar Office, Cherpulassery 1.100 spaces and folklore centre are located on the
4 Sub-Registrar Office, Ottappalam 1.102 first floor, and the second floor consists of a
Total 3.765 library.
iii. Open air theatre
With the development of many economic
infrastructure project in the regions, district of The cultural complex will be constructed with
Palakkad is ideally positioned for next decadal ramps for differently-abled people. Facilities for
industrial growth in the State. Located favourably sewage treatment and rainwater harvesting will also
along Kochi-Coimbatore Industrial Corridor makes be set up.
Palakkad district another attractive investment The SPV, Kerala State Film Development
destination. In the context, KIIFB is also financing Corporation (KSFDC) is currently in the process
for acquisition of 470 acre at an estimated cost of of finalising the tender after issue of Technical
Rs. 470 crore for creation of Industrial Infrastructure. sanction.

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 5

B. Bridge over Thonnalipuzha in
Erattakulam – Vaniyampara Road,
Palakkad District
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 is being implemented by the SPV
KRFB at an approved outlay of Rs.8.00 crore.
CULTURAL COMPLEX
6 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
C. Akathethara ROB, Palakkad
Akathethara ROB is proposed over the level
crossing at Olavakkode – Malampuzha Road
connecting Palakkad with Malampuzha. With the
considerable number of educational Institutions
and hospitals in the area, the road currently faces
high traffic congestion with a TUV of 7.45 lakh per
year.
The proposed ROB with 689.71m span and
50m rail span is expected to bring relief for the
commuters. The project will be implemented by the
SPV RBDCK, and the approved outlay is Rs.35.98
crore. Currently, the land acquisition in progress for
the project.
 INCORPORATION OF SHREDDED PLASTIC
IN INTERLOCKING CONCRETE BLOCKS
Plastic waste generated in India comes to The sizes of shredded plastics are from 5 to
about 26000 tons per day. Also, due to increased 10 mm. The motor that drives the shredder is
urbanization and industrialization, construction approximately 30 hp and the shredded plastics
materials are getting depleted. A solution arrived for are collected in bags to be further reprocessed or
both these issues is to incorporated shredded plastic sold. The end products of shredding are irregularly
from the waste plastics generated as a replacement shaped pieces of plastic depending on the required
for coarse aggregate in interlocking concrete blocks. final product and the type of industry that will use
Several advantages for the same are mentioned in them. The shredded plastics could undergo further
the article. The interlocking blocks do not require washing to ensure cleanliness, especially as the
mortar to be laid during bricklaying work, while shredded pieces are more easily cleaned when they
it’s a necessary step in conventional solid concrete are in small sizes than in large ones.
blocks. This makes the construction of walls faster
and easier, by laying the blocks which interlocks in Benefits of Using Plastic Shredders in
place in a dry condition. Waste Management
Conventional concrete blocks takes too long to
be stacked, have a low productivity enhancement,
high cost and low value of aesthetics. Other than
that, plastics have many recycling plants across the
world, but as plastics are recycled they lose their
strength with the number of recycling. So these
plastics will end up as earth fill. In this circumstance
instead of recycling it repeatedly, if it is utilized to
prepare aggregates for concrete, it will be a boon to
the construction industry.
Plastic waste is now a serious environmental
threat to the modern way of living, although steps
were taken to reduce its consumption. This creates
substantial garbage every day, which is much
unhealthy. Plastic bottles such as Polyethylene
terephthalate (PET) was use as the partially
component in this making of interlocking blocks
• Plastic shredders help to recover waste during
concrete. The strength and workability of the
different industrial processes like moulding,
interlocking block concrete by replacing coarse
trimming and casting.
aggregate with % PET will improve the efficiency.
• Shredded waste is easier to handle or re-use.
Features: • Shredding is also an efficient waste disposal
The first material transformation step is cutting method, and this greatly reduces the cost of
the plastics into smaller pieces, as is the case with recycling for several industries.
large bottles, cans, and buckets. These plastic wastes • Plastic shredders are also being used to
are usually cut by a circular saw or with a bandsaw. generate revenue by facilities that sell
Waste plastics cut in two or more pieces are fed into a shredded plastic for use as raw material.
shredder for further cutting. The shredder machine • They convert plastic waste into reusable raw
used for thin filmed plastics is different from that material for manufacturing plastic containers,
used for rigid plastic. PET bottles and PVC products.

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 7

 • Plastic shredders also help to recoup waste
disposed from commercial units.
• When used for shredding important business
documents, CDs and floppies that contain
confidential details, plastic shredders help
maintain privacy.
• By recycling and repurposing the plastic
waste, companies can also reduce their carbon
footprint and save the environment.
Advantages:
Due to increased plastic waste generated all
over India, this technology helps to minimize it by
allowing recycling of waste plastic that has been
generated, thus reducing landfill and environmental
issues. The normal concrete blocks are inconvenience
to use because it takes too long to be stacked, have
a low productivity enhancement, high cost and low
value of aesthetics. Use of interlocking concrete
blocks facilitates easy construction since the
technology enables easier alignment, placing and
stacking of concrete blocks. It also offers high shear
resistance and makes building stronger. Compared
to conventional solid concrete blocks, interlocking
blocks with shredded plastic can help to reduce the
construction time and also, this require less quantity
of mortar.
Disadvantages:
As the percentage incorporation of shredded
plastic was increased, there will be a decrease in
strength of block. Optimum percentage of plastic
that can be incorporated for maximum strength
must be tested before using such blocks. Some
studies referred proved that maximum strength was
obtained at 5% plastic incorporation. A decrease
in density of concrete can also be observed with
increased plastic content,
Figure 1: (a) Conventional Concrete blocks
8 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
(b) Interlocking Concrete blocks
Applications:
This technology finds application in construction
of buildings, especially for the wall construction in
case of framed structures. These blocks can be used
to construct non load bearing walls. It can also be
used for projects with shorter construction time
and for low budget work. Since this technology
uses less mortar, cost can be saved on materials
used for it. Hence, this technology finds a solution
for environmental impact caused by waste plastic
generated, on nature.
Way Forward
Number of projects now being funded by KIIFB
can be explored with the possibility of using concrete
blocks with shredded plastics for partition walls
. Also , utilization of plastic waste in production
of paver block has productive way of disposal of
plastics and this will reduce the cost also. Paver
block made using plastic waste, quarry dust, coarse
aggregate and ceramic waste have shown better
result. It also shows good heat resistance. Though
the compressive strength is low when compared to
the concrete paver block it can be used can be used
in gardens, pedestrian path and cycle way etc.It can
be used in Non-traffic and light traffic road. As we all
have extra caution over destruction of nature due to
un restricted use of plastic, such move for utilization
of used plastic will definitely give some impact .
 KIIFB maintains BB rating from
international rating agencies with a
stable outlook..
With a view to add to its credibility among
investors and to validate its market standing,
KIIFB underwent an external review in the
form of an exhaustive rating exercise in 2018
by two credit rating agencies of international
repute viz Standard and Poor’s (S&P) and
Fitch Ratings (Fitch). Both agencies performed
a comprehensive evaluation of KIIFB and
awarded a BB rating to us. The rating, however,
is not a one-time exercise and involves an
annual review to assess the current standing
of the issuer (KIIFB). The annual reviews
of KIIFB by both the agencies were recently
concluded with KIIFB being assigned the same
rating with a stable outlook. Notwithstanding
the fact that S&P had recently, prior to our
review, revised its rating criteria for similar
agencies, KIIFB still maintained its rating.
This is indeed a strong indicator of KIIFB’s
fundamentals, and the crucial role played
by KIIFB in financing Kerala’s Infrastructure
Projects.
The stable outlook takes into account the
agencies’ expectation of KIIFB’s strategic role
as a policy instrument for Government of
Kerala to promote infrastructure financing
that would prevail in the medium term. It is
also a direct reflection of the perception on
Government of Kerala as the ratings and view
on KIIFB move in tandem with the rating of
Government of Kerala.
The BB rating primarily reflects KIIFB’s
special legal status, the Government’s
unconditional and irrevocable guarantee on
KIIFB’s payment obligations and the financial
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
impact on Kerala’s creditworthiness in the
event of a default by KIIFB.
The rating agencies also take into account
the fact that KIIFB strictly follows the state’s
plan to finance and implement various
infrastructure projects. Also, the fact that
KIIFB board consists of government officials
and independent experts with the Fund
Trustee and Advisory Commission ensuring
comprehensive oversight exemplifies KIIFB’
strong governance mechanisms and is
adequately captured in the ratings.
The rating agencies were convinced with
KIIFB’s dedicated ring-fenced source of funds
to help debt servicing, which draws on the
entire petroleum cess and a progressive step-
up share (up to 50%) of the motor-vehicle tax
collected by the state.
The assessments made by agencies
mainly reflect KIIFB’s designated role as
an exclusive financing vehicle for critical
infrastructure-development projects. The
projects span various public sectors, including
transportation, industrial parks, energy, water
resources and social infrastructure. The
development of these sectors directly impacts
the state’s living-standard improvement and
sustainable economic growth.
KIIFB is uniquely positioned to access
international bond markets owing to the
strong support it enjoys from Government of
Kerala, its ring-fenced stream of cash flows,
comfortable liquidity position and the high
governance standards that are legislated
under the KIIF Act.
9
Economy & Market Watch
Keeping abreast with every relevant indicator, given the abundance of variables and their volatility, of
the $ 90 trillion global economy is a huge ordeal and hence, from this edition onwards, we are commencing a
4-part series to understand 12 relevant economic indicators/ benchmarks pertaining to the global economy
to gather an insight into the current scenario given that the arguments of an impending recession has
gathered steam.
In the first part, we are outlining the following three key global economic indicators. The charts are for
the period 30/10/2016 to 29/10/2019

Global PMI ( Purchasing Managers Index) - 49.7 ( as on

29/10/2019)

IHS Markit and JPMorgan Chase’s snapshot of the

health of manufacturing around the world, based on
surveys of multiple purchasing managers on their
activity. A number above 50 signals expansion.

U.S Personal Consumption Expenditures – 1.7 % ( As on

29/10/2019)

The U.S. consumer is typically one of the pillars of

the world economy and this shows how they are
faring.

U.S Consumer Index - +0.1 % ( as on 29/10/2019)

It’s the Federal Reserve’s preferred measure of

inflation.

10 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE

Administrative Inspection Wing notes...
The Administrative Inspection Wing (AIW)
as part of its evaluation of the progress of projects
entrusted to various SPVs has inspected the tender
process and progress of implementation of projects
by two SPVs viz. Kerala State Housing Board (KSHB)
and Kerala Water Authority (KWA) last fortnight.
The project “Upgradation of Taluk Hospitals
Neendakara, Thuravur and Vaikom” and
“Construction of Revenue Tower and Mini Civil
Stations at Vellarikundu and Mattannur” are
the projects undertaken through KSHB. Major
deficiencies observed in the previous inspection
during June 2019, such as Non formation of TS
Committee, delay in statutory clearances, delay
in uploading documents in KIIFB portal, non-
preparation of WBSs etc are still remains to be
rectified.
The KIIFB approved the project ‘Taluk Hospital
Neendakara’ on 5.02.19. Though work order
issued on 11.06.19 agreement has not been signed
for want of statutory clearances. The application
for Building permit submitted after tendering
only and the application for PCB clearances
could not be submitted due to the non-receipt of
permit from LSGI. The cases of Taluk Hospitals
Thuravur and Vaikom are also same. The sub
CULTURAL COMPLEX LAYOUT - PALAKKAD
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
project “Revenue Tower Mattannur” approved by
KIIFB on 7.09.19 and the SPV has not moved for
Statutory Clearances and Technical Sanction so far.
On the other hand, work started for the sub project
“Revenue Tower Vellarikkundu’ as reported. Since
the implementation of the projects by the SPV is on
slow pace, the matter was bought to the notice of the
Administrative Department for intervention.
In continuation of the periodical inspections
conducted in the Circle Offices of KWA on
the sub project “Replacement of Transmission
Mains”, the progress of works undertaken by
Pathanamthitta Circle was inspected. In this
Sub-project, Pathananmthitta Circle Office of KWA is
entrusted with 16 works of which 2 works alone has
been tendered but signing of agreement is delaying.
Though the project approved on 9.04.18, more than
15 months taken for issuing TS after approval. Of the
16 works six are under process for Technical Sanction
and another six are on estimate revision. The estimate
for road restoration was prepared/arrived not based
on the actuals from PWD, which is one of the reasons
observed for the revision of estimate. The main reason
for delayed execution on the part of the PMU is the
delay in obtaining the clearance/permission for road
cutting before tendering.
11
 PRAVASI Chitty Progress Report as of 31st October 2019
Sl. Subscribed Subscribed 34 Portugal 4
Country Registered
No. Customers Chittals
35 Russia 4
United Arab
1 25416 5720 7272 36 South Africa 4
Emirates
2 Qatar 4505 863 1018 37 Finland 3

3 Saudi Arabia 4078 860 989 38 Japan 3 1 2

4 Kuwait 2301 500 604 39 Kazakhstan 3 1 1

5 Oman 2214 515 598 40 Latvia 3

6 Bahrain 1574 367 449 41 Uganda 3 1 1

United 42 Kenya 2
7 375 67 79
Kingdom 43 Lebanon 2 1 2
8 India 154 1 1 44 Luxembourg 2
9 Ireland 107 19 25 45 Nigeria 2
10 Australia 53 6 10 46 China 1
11 Malta 51 12 19 47 Costa Rica 1
12 Germany 50 13 15 Christmas
48 1
13 Italy 39 8 8 Island
United 49 Denmark 1
14 States of 34 3 4 50 Hong Kong 1
America
51 Croatia 1
15 Canada 31 3 5
52 Hungary 1
16 Netherlands 20 6 6
53 Indonesia 1
17 Singapore 17 5 12
54 Nepal 1
18 Maldives 14 3 3
55 Philippines 1
19 France 12 1 1
56 Romania 1
20 Poland 12
57 Slovenia 1
New
21 11 3 5 58 Turkey 1 1 1
Zealand
22 Austria 9 1 1 Total 41190 8994 11145

23 Israel 9 1 1
Statistics as on 31.10.2019
24 Norway 8 3 4
Total Monthly sala 15.87 Cr
25 Albania 7 1 1
KIIFB Security Bond Subscribed 16.32 Cr
26 Spain 7
No of Prize Money Deposited 1416
Czech Total Amount of Prize Money Deposited 45.44 Cr
27 6
Republic
No of Prize Money Disbursed 490
28 Belgium 5 3 3
Total Amount of Prize Money Disbursed 15.82 CR
29 Switzerland 5 3 3
Total Amount Collected (in Crore) 85.41 Cr
30 Sweden 5 1 1
Total Leads 122303
31 Thailand 5 KYC Approved Customers 26611
32 Jordan 4 Chit Subscriptions 11145
33 Malaysia 4 1 1 KIIFB Deposit Bond Subscribed 46.4 Cr
pravasi.ksfe.com pravasi@ksfe.com
Printed and Published on 01/11/2019, by the Chief Executive Officer for KIIFB, Felicity Square, 2nd Floor, Opp. AG’s Office,
12 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
M G Road, Thiruvananthapuram 695 001 Tel: +91 471 278 0900 financeadmin@kiifb.org, www.kiifb.org