Thiruvananthapuram: Kerala Chief Minister Oommen Chandy will lay the
foundation stone of the state's fourth international airport at Kannur
tomorrow and its commercial operations are expected to start in May
2016.
The state government has 35 per cent stake in the airport, and the terminal would have the capacity to handle 2,000 passengers at a time, Minister for Ports and Airport K Babu said here today.
The work contract for the 75,000 sq ft integrated terminal building has been awarded to L&T Construction Buildings and Factories at an estimated cost of Rs 498 crore.
As per the contract, work has to be completed by May 2016. If the company failed to do so, it would have to pay five per cent fine. In case of completing the project before time, they would be paid bonus, he said.
Read news in full 04/07/14 Economic Times
The state government has 35 per cent stake in the airport, and the terminal would have the capacity to handle 2,000 passengers at a time, Minister for Ports and Airport K Babu said here today.
The work contract for the 75,000 sq ft integrated terminal building has been awarded to L&T Construction Buildings and Factories at an estimated cost of Rs 498 crore.
As per the contract, work has to be completed by May 2016. If the company failed to do so, it would have to pay five per cent fine. In case of completing the project before time, they would be paid bonus, he said.
Read news in full 04/07/14 Economic Times
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