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Kerala govt okays Rs 133 cr for Kannur airport

Kerala govt okays Rs 133 cr for Kannur airport

A financial action plan of Rs 133 crore for the Kannur airport has been approved by the Kerala State Cabinet. The State Chief Minister Oommen Chandy said that the amount is being sanctioned to bridge the viability gap as there will be delay in getting loans from banks.

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Kerala govt okays Rs 133 cr for Kannur airport

Kerala govt okays Rs 133 cr for Kannur airport

A financial action plan of Rs 133 crore for the Kannur airport has been approved by the Kerala State Cabinet. The State Chief Minister Oommen Chandy said that the amount is being sanctioned to bridge the viability gap as there will be delay in getting loans from banks.

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Work order on Kannur airport by Oct-end

Work order on Kannur airport by Oct-end

By this October-end, work order for building Kannur airport, the fourth international airport of Kerala, will be awarded to the winning bidder. The process of awarding the first engineering, procurement and construction (EPC) contract for the airport has entered the last phase, say media reports.

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Kannur airport project gets green nod

Kannur airport project gets green nod

The Union Ministry of Forests and Environment granted the environment clearance for the Kannur airport project in Kerala. It will become the fourth international airport of the state, when it comes into operation.

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Uncertainty over compensation in Kannur airport project

Uncertainty over compensation in Kannur airport project

Uncertainty looms large over fixing compensation for civil structures, which will make way for construction of Kannur airport though steps for the third phase of land acquisition are nearing completion. During the second phase of land acquisition, the value of buildings was assessed on the basis of Public Works Department (PWD) rates in 2008-09.

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Kannur airport by 2014

Kannur airport by 2014

The construction of the runway at the upcoming Kannur airport will begin in 2012 and flight operations are expected to commence by 2014, according to the state Minister for Ports, Excise and Airports, K Babu.