Kochi: Ever since its launch in 1999, the Cochin International Airport Limited (CIAL) has been playing a pivotal in the development trajectory of Kerala. Built with an initial cost of Rs 283 crore and after 15 years into operation, the airport is now synonymous with excellence in the aviation sector not only in the country but also across the globe. The 15- lakh sqft new international terminal of CIAL, built at a cost of Rs 850 crore, will be commissioned by March 2016. With the launch of the new terminal, the development dreams of the state are likely to take off to new heights.
The airport, spread over around 1300 acres, has set a target to increase its turnover to Rs 3,000 crore by 2023 from Rs 361.39 crore recorded in 2013-14. “The total number of equity shares of CIAL as on March 31, 2014, is 30.61 crore. CIAL has plans to avail of loan from Federal Bank at an interest rate of 10.2 per cent, with a repayment period of 12 years. As per the directives of the Airport Economic Regulatory Authority, it was advisable to take loan for the future expansion of the company.
09/10/14 New Indian Express
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The airport, spread over around 1300 acres, has set a target to increase its turnover to Rs 3,000 crore by 2023 from Rs 361.39 crore recorded in 2013-14. “The total number of equity shares of CIAL as on March 31, 2014, is 30.61 crore. CIAL has plans to avail of loan from Federal Bank at an interest rate of 10.2 per cent, with a repayment period of 12 years. As per the directives of the Airport Economic Regulatory Authority, it was advisable to take loan for the future expansion of the company.
09/10/14 New Indian Express
