Project report on Kannur airport next month
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Last Updated: Thursday, October 20, 2011, 12:25
  
Thiruvananthapuram: The Detailed Project Report (DPR) of the Kannur Airport in north Kerala would be completed by next month.

The DPR for the greenfield airport was being drawn up by the Airport Authority of India (AII), Kerala Ports Minister K Babu informed the state Assembly today.

The UDF government was keen to speed up the work on the airport and the impression being created by certain quarters that the work had slowed down "was not correct", Babu, in charge of civil aviation matters in the state, told the Assembly during Question Hour.

Envisaged as a public-private initiative, 49 per cent of equities of the airport would be raised from private individuals and institutions while 26 per cent would be vested with the State government.

The UDF government was keen to speed up the work on the airport and the impression being created by certain quarters that the work had slowed down "was not correct", Babu, in charge of civil aviation matters in the state, told the Assembly during Question Hour.

Envisaged as a public-private initiative, 49 per cent of equities of the airport would be raised from private individuals and institutions while 26 per cent would be vested with the State government.

Travel and hospitality industries have also shown keen interest in the project as it will give a boost to the untapped tourism potential of the region.

PTI


First Published: Thursday, October 20, 2011, 12:25


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