Kannur Airport expected to be operational by 2014

The first Greenfield International Airport coming up with private participation at Kannur in Kerala is expected to be operational by 2014, a senior minister said today.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Travelcafe
moneycontrol.com

Home » News » Business

Jul 14, 2011, 03.36 PM | Source: PTI

Kannur Airport expected to be operational by 2014

The first Greenfield International Airport coming up with private participation at Kannur in Kerala is expected to be operational by 2014, a senior minister said today.

Like this story, share it with millions of investors on M3

Kannur Airport expected to be operational by 2014

The first Greenfield International Airport coming up with private participation at Kannur in Kerala is expected to be operational by 2014, a senior minister said today.

Post Your Comments

Share Cancel

Kannur Airport expected to be operational by 2014
The first Greenfield International Airport coming up with private participation at Kannur in Kerala is expected to be operational by 2014, a senior minister said today.

The airport will come up at an estimated cost of Rs 1130 crore, with a paid up capital of Rs 500 crore and funds raised through loans Rs 630 crore, Kerala Ports and Excise Minister K Babu said in the Assembly in reply to a submission on the subject.

The plan is to start the work of the runway by next year, he said.
Airport Authority of India has been entrusted with the task of preparing a Detailed Project Report.

Applications for shares to a tune of Rs 175 crore have been received.
As per the plan, the state government would have 24% stake, 25% of the shares owned by public institutions and 49% private holdings.

Land acquired and handed over to the Company by the state would be treated as the state's share, he added.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Kannur Airport expected to be operational by 2014

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login