The Cochin International Airport urgently needs development
activities worth Rs 215 crore to be done, says managing
director C Babu Rajeev.
modern international terminal building (Rs 175 crore),
air-surveillance radar system (Rs 25 crore), full taxiway
(Rs 15 crore) are included in the list.
is to lessen the difficulties of the international terminal
that a new building is being proposed. This matter has
been discussed in the previous board meeting. It has also
been decided to appoint a consultancy to study about the
building of the new terminal and the development of the
offer to invest Rs 50 crore by the Airport Authority of
India will be considered in the director board meeting
to be held on 14 February 2003. The award for being the
best international airport in the country and the Frontier
award for the duty-free shop are remarkable achievements,
says Rajeev whose tenure as managing director has just
the issue regarding the repayment of loans to Hudco has
been resolved by introducing a package, the company is
expecting profits of Rs 3 crore this financial year. The
shareholders will get dividends within two years.
exports saw an increase of 40 per cent. Weekly flight
services have risen to 133. The numbers of passengers
who pass through the airport come to 8.32 lakh. By March
2003, the number of foreign airlines, which operates here,
will go up to seven.