Kochi: The Cochin International Airport Limited (CIAL) – the airport that introduced the path breaking concept of public-private partnership in India’s aviation sector — is all set to achieve another milestone. On May 25, CIAL will celebrate 15 years of operations.
From a project initiated in a remote village of Nedumbassery on the city outskirts, it has now grown leaps and bounds to earn a place in the global aviation map. Starting on an initial cost of Rs.283 crore, the company achieved its break within four years, and recorded a cumulative annual growth rate of 20 per cent in the initial eight years and 12 per cent thereafter.
The airport — a pioneering venture in attracting NRI investment in infrastructure development — has improved upon its infrastructure. It has now mooted a development plan that targets to achieve a turnover of Rs.3,000 crore by 2023 - with 20 per cent aero revenue, 30 per cent non-aero revenue and 50
percent non-aviation revenue.
23/05/14 The Hindu
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From a project initiated in a remote village of Nedumbassery on the city outskirts, it has now grown leaps and bounds to earn a place in the global aviation map. Starting on an initial cost of Rs.283 crore, the company achieved its break within four years, and recorded a cumulative annual growth rate of 20 per cent in the initial eight years and 12 per cent thereafter.
The airport — a pioneering venture in attracting NRI investment in infrastructure development — has improved upon its infrastructure. It has now mooted a development plan that targets to achieve a turnover of Rs.3,000 crore by 2023 - with 20 per cent aero revenue, 30 per cent non-aero revenue and 50
percent non-aviation revenue.
23/05/14 The Hindu
