Kannur Airport to Be ready Till 2015
14 July 2013
New Delhi
Kannur Aiport Kerala 4th International Airport wolud be opened or completed in 2015 . Seven companies have been shortlisted in the pre-qualification bid for building the airport, which is coming up in an area of around 2,000 acres and is expected to cost Rs.1,700 crore.
“The technical bid would be submitted by these selected firms and after elimination, the financial bid would be asked for and we expect to ink the work agreement with the selected company in September. The work will begin in October and the first aircraft will touch down in December 2015,” Excise and Shipping Minister K. Babu Told.
Visualised first in 1996 by the then chief minister E.K. Nayanar, who hails from the northern district of Kannur, successive governments had approved the project. In 2010, the V.S. Achuthanandan government had laid the foundation stone for the airport.
The equity holding of the airport includes 26 per cent by the state government, 23 per cent by state and central public sector units, two per cent by INKEL (Infrastructures Kerala Limited, a Kerala government company). The remaining 49 percent would be private participation for which shares have already been floated.
Source– http://www.business-standard.com/article/news-ians/kannur-airport-will-be-ready-in-2015-minister-113071300514_1.html
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