KOCHI: The annual budget of the Greater Cochin Development Authority for 2016 – 17 will be presented on February 23. As the state government has rejected some of the mega project proposals of the Authority announced in previous budgets like the international convention centre at Jawaharlal Nehru International Stadium and South India’s biggest tunnel marine aquarium at Marine Drive, the new budget would have some other feasible alternative projects, said GCDA chairman N Venugopal.
“Though the Authority has initiated the eco farm project at Mundamveli in place of the proposed aquarium, there will be some viable options instead of the proposed convention centre. The sky walk proposed at the busy High Court junction will be taken up as the proposal has already received the government sanction,” Venugopal added.
As the Authority is focusing on promoting organic farming initiatives, this year’s budget is likely to have a considerable allocation for such programmes.
Panampilly Nagar – Girinagar Bridge, shopping mall, shopping complex and sports complex at Mundamveli, renovation of Kaloor market, skywalk, development of Marine Drive entertainment zone, Ambedkar stadium road and multi-level parking at Marine Drive were some of the major projects that found mention in the previous budget....