Kannur Greenfield Airport gets ‘in-principle’ approval
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India has granted ‘in-principle’ approval for setting up a Greenfield airport at Kannur in Kerala.
The project will be implemented on Build, Own and Operate (BOO) model.
K C Venugopal, Minister of State at the Ministry of Civil Aviation (MoCA) informed the Lok Sabha that the state government of Kerala has appointed Kerala Industrial Infrastructure Development Corporation (KINFRA) as a nodal agency for the construction of the Kannur Airport.
KINFRA has formed a Special Purpose Vehicle (SPV), named Kannur International Airport Limited (KIAL), for the development of the airport.
The Ministry of Environment & Forest has granted necessary environment clearance to the project, while KIAL has acquired 1278 acres of land for the project. The company has also requested for financial assistance under Viability Gap Funding (VGF) scheme.
The project is at Request for Proposal (RFP) stage for awarding the contract for airside works. As per the schedule of bidding process, the contract will be awarded by the end of September, 2013.
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