₹585.53 cr. from KIIFB to NHAI
The Hindu
Part payment of ₹1,978.96 cr. for land acquisition
Kerala has given another ₹585.53 crore to the National Highways Authority of India (NHAI) as its 25% share against the expenditure incurred for land acquisition for six-laning of National Highway 66 from Kasaragod to Kazhakuttam in the capital. The amount has been made available to the NHAI from the Kerala Infrastructure Investment Fund Board (KIIFB) that has been authorised to provide the funds for meeting the 25% cost of land acquisition. The amount has been transferred to the NHAI on the basis of a letter from the Regional Officer, NHAI, on March 18 seeking ₹585,53,04,650 as part payment towards the 25% cost of land acquisition as per a tripartite agreement reached between the NHAI Principal Secretary, PWD, and the Chief Executive Officer, KIIFB, official sources told The Hindu.
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