The Thiruvananthapuram Development Authority, constituted by the Kerala government for planned and scientific development of the capital city and its adjoining areas, is implementing a commercial project on BOT basis.
The proposed project will comprise ultra-modern shopping complex and market at Palayam in Thiruvananthapuram. TRIDA along with Corporation of Thiruvananthapuram is proposing to approach Infrastructures Kerala Ltd (INKEL), a state government agency, to execute this project.
The existing market belonging to the city corporation is in a bad condition and it would be demolished to make way for the new shopping complex and market. A multilevel car park facility accommodating 1,000 cars at a time is also planned at the site.
TRIDA is in the process of preparing the DPR for the project which is estimated to cost Rs 250 crore. Other TRIDA projects in the pipeline are a Rs 4.70-crore bus stand-cum-commercial complex near medical college and widening of the Pappanamcode-Balarampuram-Vazhimukku Road to four lanes.
The authority is in the process of widening 42 km of city roads in 12 corridors under the Capital Region Development Project as well as widening the 2.6-km Vellayambalam-Thycaud, 2.6-km Bakery-Poojappura and 2.4-km Karamana-Pappanamcode roads.
Besides, TRIDA is developing a trade centre and a mini bus stand on 5.28 acres at Kazhakkuttam adjoining the technopark and a vegetable market on 7.5 acres at Chalai.
The Thiruvananthapuram Development Authority is also relocating the proposed lorry terminal project from Vaniyamkulam to Mankeezhu, near Sreevaraham. The 8.15-acre project comprises fuel pump, service station, weighbridge, truck terminal building, truck bays and warehouse.