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Antony inaugurates work on Kannur airport

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Antony inaugurates work on Kannur airport
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Kannur: Giving a fillip to development of the upnorth region of Kerala, Defence Minister AK Antony Sunday launched work on Kannur airport, which will be the fourth international airport of the State.

Speaking after the 'ground-breaking' ceremony of the first phase of the Rs 1,590-crore project, he said commencement of the work marked the realisation of a long-cherished dream of the region.

Chief Minister Oommen Chandy presided over the function in which Union ministers K C Venugopal and Mullapally Ramachandran, state minister in charge of airports K Babu and deputy leader of the opposition in Kerala Assembly Kodiyeri Balakrishnan were also present.

The State government holds 35 per cent stake in the project, Airports Authority of India 26 per cent, Oil major BPCL 23 per cent and 16 per cent from private participation.

The agreement between the state government and L&T Mumbai to undertake the first phase was finalised in November last. Of the private participation, sale of six per cent has already been completed. The terminal building, air traffic control tower and administrative building are expected to be commissioned in 2015.

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