"The trial of a flight will be held at Kannur airport on December 31 after which it will be operational. Commercial operation is expected by the middle of next year," he said.
Speaking at the fifth Annual General body Meeting of Kannur International Airport Ltd, Babu said the total cost of the airport, the second under the PPP mode, comes to around Rs 1,892 crore. Of this, a sum of Rs 892 crore was through bank loans and the balance through shares.
The Kerala government has 35 per cent stake in the airport and various state and central government institutions also have a stake in the airport project.
The airport is coming up on 2,000 acres at Moorkhanparamba, about 25 km from Kannur.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%