A clutch of major infrastructure projects, including the four-lane MC Road and the Sabari Rail project, will be funded through the Kerala Infrastructure Investment Fund Board (KIIFB).
The KIIFB board meeting on Friday agreed in principle to provide funds of ₹5,217 crore for the four-laning Kesavadasapuram-Angamaly MC Road, ₹1,900 crore for the Angamaly-Erumely Sabari Rail project and ₹6 crore for the KS System0
These were among 11 projects worth ₹8,081 crore that were given in-principle approval and 14 more projects worth ₹689 crore received financial approval at the 56th meeting of the board chaired by Chief Minister Pinarayi Vijayan.
With this, the financial volume of projects approved under KIIFB has touched ₹ 1.10 crore, Finance Minister KN Balagopal said at a press conference here.
A cabinet meeting held on February 4 decided that the state would bear half the cost — ₹ 1,900 crore — of the Sabari Rail project. The four-lane MC Road project and the Aerospace Control Systems Complex project were announced in the 2026-27 state budget.
Procurement of medical equipment for hospitals (₹210.51 crore), development of Phase I of Conolly Canal in Kozhikode (₹73.21 crore) and infrastructure development of KR Narayanan National Institute of Visual Science and Art (₹26.59 crore) were also approved in principle.
Among the 14 projects given financial approval are the Work Near Home: Skill Ecosystem 2.0 project (₹153 crore), the development of the Thrissur General Hospital (₹136.79 crore) and the infrastructure development of the Mental Health Center in Thiruvananthapuram (₹87.68 crore), Mr. Balagorpal said.
Most of the projects in this category worth ₹282.98 crore fall under Public Works and Health and Family (₹224.47 crore).
The KIIFB has so far sanctioned 1,237 projects worth ₹98,836.83 crore and given an in-principle nod “subject to conditions” for 11 projects worth ₹8,081 crore.
KIIFB CEO KM Abraham and Additional CEO Mini Antony were also present.
Published – 13 Feb 2026 21:14 IST