Kochi Marine Drive extension: special package proposed for landowners
The Hindu
Besides market value of land, equal extent of built-up area to be offered
The first phase of the proposed Marine Drive extension project will witness the extension of Queen’s Walkway to Vaduthala till the container railway terminal line.
The project will also witness the development of 42.49 hectares in the region, according to the project document.
The preliminary project report, which was prepared by the Consultancy Service Unit of the Kerala Infrastructure Investment Fund Board (KIIFB), has proposed a compensation package for landowners. It will include compensation for the holding to be acquired at market rate and built-up space equivalent to the extent of the holding which may have to be acquired.
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