MINISTER OF THE STATE IN THE MINISTRY OF CIVIL AVIATION (SHRI K. C. VENUGOPAL)
(a), (b), (c) & (d) Government of India has granted `in-principle` approval for setting up of
a Greenfield airport at Kannur in Kerala. State Government of Kerala has appointed M/s Kerala
Industrial Infrastructure Development Corporation (KINFRA) as nodal agency for the construction
of the Kannur Airport. M/s KINFRA has formed a Special Purpose Vehicle (SPV) namely M/s Kannur
International Airport Limited (KIAL) for development of the airport. The project is to be
implemented on Build Own and and Operate (BOO) model. Ministry of Environment & Forest has
granted necessary environment clearance to the project. M/s KIAL has acquired 1278 acres of
land so far. M/s KIAL has requested for financial assistance under Viability Gap Funding (VGF)
scheme. Ministry of Civil Aviation has supported the request of M/s KIAL and requested Ministry
of Finance to grant the VGF. The project is at Request for Proposal (RFP) stage for awarding the
contract for airside works. As per the schedule of bidding process, the contract is to be awarded
by end of September, 2013. This project is closely monitored by the Ministry of Civil Aviation
and the Prime Minister`s Office.