Saturday, September 05, 2020

Success Of CIAL Model Emphasizes Relevance Of PPP Model In Airport Infrastructure Development:Kerala CM

Kerala Chief Minister Pinarayi Vijayan on Saturday said big projects like building and maintaining airports can be effectively carried out under the aegis of the state government and the success of CIAL model emphasizes the relevance of Public Private Participation in Airport infrastructure development.

He was addressing the 26th Annual General Meeting (AGM) of the shareholders of Cochin International Airport Ltd (CIAL) which was held through an online platform. As part of the deliberations, the AGM endorsed the proposal of the board of directors to award a 27 per cent dividend to the shareholders for financial year 2019-20.
"It is a misapprehension that complex projects like development of airport infrastructure have to be fully entrusted with the private sector.CIAL re-scripted it,"said the CM.

This PPP venture demonstrated that the participation of the Government in such projects too could be effective in delivering professionalism and beneficial to the people," Vijayan said.

His comments come in the wake of the state assembly passing an 'unanimous resolution' last month demanding the withdrawal of the Union Cabinet's decision to lease out the international airport at Thiruvanathapuram to Adani Enterprises LTD. He said infrastructure development projects are implemented by acquiring the land and mind of the common men.
"They ought not to be privatized.The CIAL model is inclusive.It addresses the issues of the people too,"added the CM.

When this board of directors took charge in 2016, there were 7,000 people working at the airport premises.The number has grown to 12,000 in March 2020 and it is growing," the Chief Minister said.
Vijayan said CIAL has invested around Rs 2,000 crore in the capacity-enhancement projects of the airport and still not collecting user development fee from the passenger.
05/09/20 PTI/Republic World
To Read the News in full at Source, Click the Headline


Post a Comment