Rs.35 bn expansion plan for Cochin airport
Dec 28, 2006 - 5:55:41 PM
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'By the end of the current fiscal we expect the number of weekly flights to go up to 325. British Airways is expected to be the next international airline to land here before the end of the current fiscal. Four more international carriers have also applied for landing rights,' said Venkitesweran.
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By IANS,
[RxPG] Kochi -, Dec 28 - The Cochin International Airport, the first airport in the country built under public-private partnership, will be expanded with an investment of Rs.35 billion -.
These investments would take place over five years, K. Venkitesweran, company secretary of Cochin International Airport Limited -, said after its annual general body meeting okayed the expansion plan Thursday.
'There are 18 projects which have been cleared, including a Rs.6.40 billion IT park, an aviation academy, a maintenance and hangar unit, star hotels and a golf course, all which would come up in the 500 acres of land which is with CIAL near the airport,' Venkitesweran told IANS.
The meeting was chaired by CIAL chairman, Kerala Chief Minister V.S. Achuthanandan.
CIAL, the first airport outside the ambit of the Airports Authority of India, was formed as public limited company with equity participation from the Kerala government, financial institutions and a large number of non-resident Indians -, a majority of which are Keralites based in the Middle East.
Traffic at the airport has picked up tremendously from 76 flights per week in 1999 when it was inaugurated to more than 315 flights of 11 domestic and 14 international airlines every week now.
'By the end of the current fiscal we expect the number of weekly flights to go up to 325. British Airways is expected to be the next international airline to land here before the end of the current fiscal. Four more international carriers have also applied for landing rights,' said Venkitesweran.
The total number of passengers is expected to go up from 1.8 million during the last fiscal to 2.2 million for the current fiscal.
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