Goa: Kerala’s Kannur International Airport (KIA) hopes to complete financial closure for the project by the end of December, G. Chandramouli, Managing Director, Kannur International Airport, has said. The new project is being taken up on the build, own and operate model, with the State Government being a partner in the project.
KIA is also in talks with various agencies, including some international multilateral lending agencies and banks, for raising debt worth about Rs 900 crore.
The airport project is one among many being closely monitored by the Prime Minister’s Office, as the Government looks to put the development of infrastructure projects on the fast track.
“By April 2014 we should be in a position to award the city side terminal and control tower. We have ambitious plans to start commercial operations by the end of 2015,” Chandramouli said. Chandramouli was speaking to the Hindu Business Line on the sidelines of the Aviation ICT Forum 2013, organised by SITA in Goa.
27/09/13 Ashwini Phadnis/Business Line
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KIA is also in talks with various agencies, including some international multilateral lending agencies and banks, for raising debt worth about Rs 900 crore.
The airport project is one among many being closely monitored by the Prime Minister’s Office, as the Government looks to put the development of infrastructure projects on the fast track.
“By April 2014 we should be in a position to award the city side terminal and control tower. We have ambitious plans to start commercial operations by the end of 2015,” Chandramouli said. Chandramouli was speaking to the Hindu Business Line on the sidelines of the Aviation ICT Forum 2013, organised by SITA in Goa.
27/09/13 Ashwini Phadnis/Business Line
