The Hindu 03.11.2009
Corporation approval for proposal
Staff Reporter
| For rehabilitation of families |
Bangalore-based firm bags project
Shopping complex at Kalluthankadavu
Kozhikode: The City Corporation Council on Monday approved a proposal of the Bangalore-based Aramana Developers for a multi-crore project to rehabilitate the displaced families at Kalluthankadavu Colony and shifting the Palayam vegetable market to Kalluthankadavu in the city.
The project includes construction of a multi-level shopping complex at Kalluthankadavu on Build-Operate-Transfer (BOT) basis.
Four firms had expressed interest in the project and bought the bid document. However, only three, Thamaya Infrastructures, Bangalore, Malabar Construction, Kalpetta, and Aramana Developers submitted the bids to the Corporation.
The Bangalore-based M.R. Constructions bought the bid document but did not submit any proposal.
Corporation officials opened the bids in the presence of the ICICI-Kinfra managing director. ICICI-Kinfra, which is the project consultant, examined the bids and found them legally valid. It recommended that the Corporation negotiate the deal with Aramana Developers.
Following this, the Mayor and the Standing Committee chairman held talks with the firm on October 12.
The firm accepted a proposal of the Corporation to reduce the transfer period to 35 years, six months and seven days. It had earlier bid for 43 years, six months and seven days.
Malabar Constructions had quoted 46 years, six months and six days while Thamaya Infrastructures had bid 48 years, three months and 10 days.
The firm also sought three years to complete the project considering the peculiarity of the land and the construction activities. The Standing Committee on October 16 approved the proposal.
