Summary:
“The GCDA neither has the capacity to mobilise resources for large projects nor for its operation and maintenance. The ?40.02-crore surplus budget proposed four major projects under the PPP model – a modern convention centre and exhibition hall at Manappattipparambu, a global sports city around Ambedkar Stadium, a multi-level car parking (MLCP) facility at Marine Drive and a ropeway/cable car between Marine Drive and Bolghatty Palace. A linear park on Build Operate and Transfer model has been proposed along the vacant four metres in a two-kilometre stretch by the side of Marine Drive walkway. more-inThe Greater Cochin Development Authority (GCDA) on Monday presented its budget for 2018-19 that brought into sharp focus the development agency’s increasing inclination to fall back on Public Private Partnership (PPP) model for premium development projects entailing considerable investments and expertise. That’s why we have decided to partner with private players whereby they build and operate those projects and then transfer them to the GCDA after a specific period,” said GCDA Chairman C.N..