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SCTL and TRIDA to share 3 Smart City project spoils
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The Smart City Thiruvananthapuram Limited (SCTL) and the Thiruvananthapuram Development Authority (TRIDA) have decided to share the income that is generated from three major projects that are being implemented under the city Corporation’s Smart City project.
This includes the rehabilitation block of the Connemara Market in Palayam, multi-level car parking complex behind Saphalyam complex and the warehousing complex at Attakulangara, all of which are being developed on land owned by TRIDA.
The State government earlier this week accorded the approval for the revenue sharing model proposed by the SCTL and TRIDA. The revenue generated through lease rent of shops, parking charges and through other sources will be shared by both parties, after meeting all expenses for operation and maintenance.