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Project Structure

 

The proposal for the development of the ‘Kannur International Airport’ received ‘in principle’ approval from the Ministry of Civil Aviation in February 2008. Government of Kerala has floated  a company by the name Kannur International Airport Ltd (KIAL)for the development of the airport.

 

  • The airport will be built over 2000 acres of land and will have a single runway, to begin with.
  • The project will be implemented on a Public-Private-Partnership (PPP) basis and on a Build-Own-Operate (BOO) model.
  • The Kannur International Airport will be set up by a  Government led consortium. 35% of equity will be with the Government of Kerala, 23% with Public Sector Undertakings, 26% with Airport PSU's and remaining 16% with private individuals and institutions.

 The Phase 1 project cost would be approximately 1892 crores including the cost of land. 

The development of the infrastructure project will be through global tenders in Engineering, Procurement and constructions (EPC )Model