Kannur: Fisheries and Ports Minister K. Babu has said that global tenders for the construction of runway for the proposed Kannur International Airport will be floated by the end of this month.
Inaugurating a function organised by the Fisheries Department here on Friday, the Minister, who is in charge of the airport project, said that the government has initiated steps to secure environmental clearance for constructing the runway as the Kannur International Airport Ltd. (KIAL) has submitted its project report for the runway development.
He also said that the second phase of land acquisition for taking over the remaining land identified for the development of the proposed airport would be under way soon. The government would have 26 per cent stake in the proposed airport project, which is expected to play a major role for the massive development of the northern parts of the State, he said adding that 23 per cent of the equity would be held by the government institutions such as the Kerala Minerals and Metals Ltd., Kerala State Industrial Development Corporation and the Kerala State Financial Development Corporation.
11/05/12 The Hindu
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