Smart City Kochi Observations All about Smartcity Kochi

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SmartCity Kochi has missed yet another deadline. This time the Dubai-based promoters of the project has failed to comply with the deadline, not once but twice, set for the completion of its state-of-the-art pavilion on the project site.

Chief Minister Oommen Chandy had declared at the launch of the construction work of the pavilion on October 8 last year that it would be completed within 14 weeks, going by which, it should have turned operational in January.

Failing to meet that deadline, the promoters set the first week of May as a fresh deadline only to come up with a revised date of June 9 for the opening of the pavilion.

Baju George, Managing Director SmartCity (India), on Wednesday expressed optimism that the pavilion will indeed be opened on June 9 at 9 a.m.

For a project originally conceived in 2005 and for which the foundation stone was laid in November 2007, SmartCity Kochi has never really managed to keep up with deadlines for a variety of reasons. When it is fully complted its is expected to provide 90000 smartcity jobs .

The delay in the completion of the pavilion meant that the schedule set for the completion of the first phase of the project and promotional campaigns to woo prospective investors also got disrupted.

Initially, it was declared that the first phase will be completed within 20 months from the date of completion of the pavilion.

The delay of almost five months in the completion of the pavilion will have a cascading effect on other schedules as well. With no clarity on when its own promotional road shows could be launched, SmartCity has now decided to piggyback on the campaigns being organised by the Stat government for the “Emerging Kerala” meet to be held in September.

Kerala government, representatives of Dubai government and promoters TECOM came to an agreement at a meeting here on Wednesday for revival of the Smart City project in Kochi which was in limbo for about five years. On Februry 2, 2011 the final issues about the agreements are resolved and an agreement is reached.

Chief Minister V. S. Achuthanandan and Ahamed Humaid Al Tayer, member of the Supreme Committee for Dubai World Group and Dubai Holding Group, UAE, announced after signing the minutes of the meeting that work would be started in a few months.

The Chief Minister said that construction of the building would start at the earliest in the proposed location in Kochi. The details of the agreement would be announced after approval by Cabinet this evening.A formal contract is expected soon, but no dates are announced yet.

Mr. Al Tayer said that he was confident that the work could be taken up within three months. Any revision of investment amount would be left to the Director Board.

It is understood that the government and the promoters have agreed that the freehold of 12 per cent of the land proposed in the frame work agreement would be within the special economic zone and would be inalienable. The freehold area would come to about 29.5 acres of total 246 acres earmarked for the project. The balance is to be given to the promoter-company on lease for 99 years.

The master plan for the project is to be completed within a month and the free hold transferred to the company on preparation of the plan.

The government is also understood to have agreed to consider waiver of stamp duty for registration of the deed.

Hill International to manage construction of tech hub in India

August 04, 2008: 02:51 PM EST

NEW YORK (Associated Press) – Hill International Inc. said Monday it has been awarded a $9.1 million contract to manage construction of a technology center in the southeastern Indian coastal city of Kochi.

Hill International said the contract from SmartCity Infrastructure Private Ltd. for work on the SmartCity Kochi development is expected to run two and a half years. Hill’s responsibilities will range from project administration to document control and master scheduling.

SmartCity Kochi is being developed on about 300 acres designated as a special economic zone, and is expected to become one of India’s largest business parks, Hill said. The project’s first phase is expected to cost $350 million.

Shares of Hill International fell 8 cents to $16.81 in afternoon trading.

Marlton, N.J.-based Hill has 80 offices worldwide. 

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