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Tuesday, February 7, 2012

Current News :Kannur international airport to begin operations in 2015

Kerala's fourth international airport at Kannur would begin operations
in 2015, K.Babu, the state's minister in charge of the airport, said
Tuesday.

Babu told reporters here that the state government, which has a 26 per
cent stake in the airport to be built under public-private
partnership, had handed over the required land for the airport.

"Today we have transferred 453 acres of land to the Kannur
International Airport Limited (KIAL). Earlier, the government had
acquired 192 acres of land and the balance land would be leased out to
them and for that the cabinet will make the decision shortly," added
Babu.

The airport would come up in an area of around 1,300 acres about 25 km
from Kannur.

"The Cochin International Airport Limited will submit the detail
project report in April and then the tender would be floated to find
the builder. We expect that the first aircraft will touch down at
Kannur in 2015," said Babu.

The shareholding pattern that has been cleared by the KIAL would be 26
per cent for government, 23 per cent for the state-owned public sector
organisations, two per cent for government companies and 49 per cent
for small investors and institutional investors.

read more at http://www.pravasitoday.com/kannur-international-airport-to-begin-operations-in-2015

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