Kannur: Fulfilling the long cherished dream of thousands of Non-Resident Keralites and the villagers, the Kannur International Airport will be thrown open to the airbus operations on Sunday. Kerala Chief Minister Pinarayi Vijayan will inaugurate the airport operations at a grand event in Mattannur.
Moorkkanparambu, the land chosen for the airport project, was a less developed area till it was taken over by KIAL for the multi-crore airport project. Since the beginning of the acquisition process, the local villagers have been witnessing the smooth progress of their region opening doors for a never-seen-before experience. The payment given for land exchange changed the destiny of many besides giving them assurance on a sustainable source of livelihood.
"Several local residents have got a plush amount for rehabilitation. Many of them constructed new houses with superior amenities. Many of their children have got job with prestigious companies at the airport," says K.P. Narayana…
Current Status 1. Techno economic feasibility study
Techno economic feasibility study completed.
2. Government approval
Ministry of Civil Aviation, Government of India has given in-principle approval for the project.
3. Land An extent of 1276.03 acres has been acquired for Kannur International Airport project as on 7 October 2010, out of 1284 acres notified. Remaining land is expected to be taken over soon. 4(1) Notification for additional 783 acres has been published. Three Land Acquisition units are on the job.
4. Formation of Special Purpose Vehicle A Company called "Kannur International Airport Limited" has been registered under the Companies Act 1956. The first Board meeting of the Company was held on 18 December 2009. As per the Orders of the State Government dated 27 February 2010 Kannur International Airport will be set up as a private airport by a Government led consortium. 26% of equity will be with the Government, 23% with Public Sector Undertakings, 2…