A company to develop the Kochi waterways
Kochi is blessed with waterways which connect almost all parts of the city. But unfortunately, we do not make ample use of nature’s gift as transportation through waterways is a largely neglected area. Realizing this and also the fact that developing waterways can provide a solution of sorts to the long standing problem of traffic congestion in the city, the Kochi Corporation has decided to float a company to develop the waterways in the city. The company which will be floated in the lines of CIAL will have the corporation as the major stakeholder, with the public and institutional investors also as other stakeholders. The authorities state that apart from creating utility to the public, the company is expected to be a profitable venture too. Once the company is fully functional, it will be involved in activities like purchasing of new boats, building new boat jetties, renovating old boat jetties and the exploration of new waterways. The company will have the mandate to diversify into infrastructure and will serve as a professional body to take up special projects for Kochi Corporation and the state government. The company, which will have the Mayor and other political executives of the Corporation as ex-officio board members, will be managed by experienced professionals. Sounds promising, thinks this Gallan… Hope it will be as successful as the CIAL turned out to be.
Image Courtesy : Cam Sketches by Vimal
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