Seven development projects showcased to woo investors
With a very successful first phase to piggyback on, the Vytilla Mobility Hub Society (VMHS) showcased its ambitious second phase expansion worth Rs. 433.34 crore at the Partner Kerala investors’ meet that got under way here on Monday.
It was one of the seven mega development projects authorities showcased on the first day of the two-day meet scouting for possible investments under the Private Public Partnership model.
KITCO has already readied the plan and design of the project, which has been cleared by the State Environment Impact Assessment Authority.
An integrated transportation facility and a commercial complex have been envisaged on 25.19 acres of prime land near Vyttila junction as part of the second phase. The ground floor of the building will feature 136 bus bays built in a floor area of 1.61 lakh sq.ft complete with all types of passenger amenities like information counters, ticket booking counters, ATMs, clock rooms, refreshment stalls, breast feeding kiosk etc.
The open space proposed on the ground floor would allow parking of 500 two-wheelers while the proposed basement floor of 5.50 lakh sq.ft would have space for 1000 cars and an equal number of two-wheelers.
The proposed commercial complex would have five floors of 1.07 lakh sq.ft each. The first three floors have been designed as commercial space while the top floors would boast of four multiplexes, food courts and children’s party/entertainment area.
The facilities can be accessed from NH 47, NH 49 (Vyttila – Pettah Road) and Kaniyampuzha Road. The proximity to the National Water way II and the Ernakulam- Kottayam railway track would further boost its accessibility.
Vyttilla station of Kochi Metro Rail is under construction on the Mobility Hub premises and the Mobility Hub Society has proposed a walkway connecting the Metro Rail station, bus terminal, boat jetty, basement parking area and the commercial space to ensure smooth transit of commuters switching from one mode to another.
While the first phase of the mobility hub made it a major transit point for 650 private and 400 KSRTC buses serving around 25,000 people daily, the second phase would make it one of the major transit points in the State besides the convergence point for road, metro rail and water transportation modes.