New Kerala airport at Aranmula approved
A new private airport proposed to come up in Kerala's Pathanamthitta district has got the requisite approvals, company sources say.
CHENNAI: The private airport project at Aranmula in Kerala's Pathanamthitta district has been given the final approval by the steering committee on greenfield airports, sources in the airport company said.
They said the meeting held in Delhi today, attended by secretaries of various central departments related to the approval, had given the green signal for the proposed KGS Aranmula International Airport in Pathanamthitta district. KGS airport managing director Gigi George and executive director PT Nandakumar said the company proposed to make the airport operational by end 2014.
Company officials said the new airport would be established over 500 acres, with a runway length of 3,100 metres. The project envisages a layout of Rs 550 crore in the first phase and Rs 1,450 crore in the second phase, for a total investment of Rs 2,000 crore. The company proposes a 1:1 debt-equity structure for the airport project.
Kerala already has two three functional international airports, at Thiruvananthapuram, Kochi and Kozhikode, and another one is proposed at Kannur. The Aranmula airport is banking on a large passenger base from Pathanamthitta and surrounding districts which are known for their significant NRI population.