Nedumbassery: The new international terminal inaugurated by Chief Minister Oommen Chandy here on Friday is a new episode in the illustrious journey of the Cochin International Airport Limited (CIAL).
The foundation stone of the new terminal (T-3) was laid on February 1, 2014, and construction of the building was completed in just 24 months, spending Rs 1,000 crore. In comparison, construction of the 54-lakh-sqft Terminal- 3 at the New Delhi airport was completed at a cost of Rs 13,000 crore. All the details of the tenders and expenditure related to the CIAL T-3 are available on the website www.cial.aero, which again is an initiative to ensure transparency.
“The Nedumbassery airport, which started off 16 years ago with contribution from a German Malayali named Jose Maliekkal, handles more than 74 lakh passengers every year. The CIAL registered an income of Rs 414 crore in the last financial year, and a profit of Rs 144.58 crore. The CIAL has been paying dividends to shareholders without break since 2003-04. Till date, it has returned 153 per cent profit to investors,” said officials.
CIAL had set a new record in completing rehabilitation of those displaced for the project, and is currently employing more than 6,000 persons. All of the 822 families who were displaced for construction of the airport were rehabilitated and the family members were given jobs. Last year, the CIAL scaled another landmark by becoming the world’s first airport to be fully powered by solar energy. The airport is currently power-neutral - which means it does not consume power from the State’s power grid. Besides, more than 46,000 solar panels installed by the CIAL are generating more power than it requires every day.
27/02/16 New Indian Express
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The foundation stone of the new terminal (T-3) was laid on February 1, 2014, and construction of the building was completed in just 24 months, spending Rs 1,000 crore. In comparison, construction of the 54-lakh-sqft Terminal- 3 at the New Delhi airport was completed at a cost of Rs 13,000 crore. All the details of the tenders and expenditure related to the CIAL T-3 are available on the website www.cial.aero, which again is an initiative to ensure transparency.
“The Nedumbassery airport, which started off 16 years ago with contribution from a German Malayali named Jose Maliekkal, handles more than 74 lakh passengers every year. The CIAL registered an income of Rs 414 crore in the last financial year, and a profit of Rs 144.58 crore. The CIAL has been paying dividends to shareholders without break since 2003-04. Till date, it has returned 153 per cent profit to investors,” said officials.
CIAL had set a new record in completing rehabilitation of those displaced for the project, and is currently employing more than 6,000 persons. All of the 822 families who were displaced for construction of the airport were rehabilitated and the family members were given jobs. Last year, the CIAL scaled another landmark by becoming the world’s first airport to be fully powered by solar energy. The airport is currently power-neutral - which means it does not consume power from the State’s power grid. Besides, more than 46,000 solar panels installed by the CIAL are generating more power than it requires every day.
27/02/16 New Indian Express
