Government to take 10% equity in Aranmula International Airport


Trivandrum: The Kerala Government has decided to take 10 percent stake in the proposed Greenfield Internationalairport project at Aranmula in Pathanamthitta District, thereby giving its formal approval for the project. The Chennai based KGS Group is expected to start the work on their Rs.2,000 crore airport soon and they plan to start the operations of the airport in two years time.

Announcing the Cabinet decision in Thiruvananthapuram, Chief Minister Shri Oommen Chandy said that the Cabinet has approved the airport project as the project has received all other clearances from the Central Government. One government nominee will be appointed on the Board of Directors of the airport company and government land required for the project will be given to the company at market rates.

All approvals and licences required for the airport have been obtained from the Union Ministries of Civil Aviation, Defence and Home Affairs and the State Government. The Environment and Forests Ministry has recommended clearance for the project.

The CM also added, “The previous LDF government had granted approval for the project and we are just following up on that. However, the large extent of land beyond requirement, which was notified by the previous government, would be denotified.”

The airport will be come up on 500 acres of land. Another 400 acres will be used to develop an aeropolis consisting of SEZ, three Star Hotels and a Shopping Mall, among other things. The new airport will cater to the expat population from the Central Travancore region and is expected to serve Pathanamthitta, Alappuzha, Idukki and Kottayam districts. The airport will generate direct employment for about 1,500 persons and more than 6,000 indirect jobs.

Kerala Biz News


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