Kochi: Cochin International Airport Ltd will soon take up the construction of a new Rs 250-crore, 15 lakh sq.ft terminal to meet the growing demands for the next 20 years.
The tender for the civil works, as part of the Rs 850-crore third phase developmental works, will be released on November 1 and the work is expected to start from January next.
CIAL will stick to individual tendering rather than go in for lump-sum contract method as that would be more costly, said V. J. Kurien, Managing Director.
The airport company, the first PPP project in the civil aviation sector, has also plans to develop airports in other parts of the country as part of its diversification plans.
31/10/13 V Sajeev Kumar/Business Line
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The tender for the civil works, as part of the Rs 850-crore third phase developmental works, will be released on November 1 and the work is expected to start from January next.
CIAL will stick to individual tendering rather than go in for lump-sum contract method as that would be more costly, said V. J. Kurien, Managing Director.
The airport company, the first PPP project in the civil aviation sector, has also plans to develop airports in other parts of the country as part of its diversification plans.
31/10/13 V Sajeev Kumar/Business Line
