Kerala Infrastructure Investment Fund Board grants approval for various drinking water projects

The Kerala Infrastructure Investment Fund Board (KIIFB) has granted approval for the implementation of four drinking water projects in the state at an estimated cost of Rs 8 billion. The new projects are the Kuttanad drinking water project (Rs 2.89 billion), the Thiruvananthapuram-Neyyar alternative drinking water source project (Rs 2 billion), improvements in the water supply scheme of Kondotty municipality in Malappuram district (Phase II) (Rs 1.08 billion) and balance works of augmentation and modernisation of the water supply distribution system in Alappuzha municipality (Rs 2.11 billion). KIIFB has mobilised funds through domestic and foreign bonds and through term loans from banks and other financial institutions.