The foundation stone for Kannur Airport would be laid on 17 of December 2010 and it would be the 4th International Airport in Kerala. The foundation stone would be laid in Mattanur and so far 1300 acres of land has been acquired. Once the work starts another 700 acres would be acquired and this would be one of the biggest airport in Kerala. The work for Kannur Airport is expected to be completed in 2 years and the expected cost is around Rs.1,000-crore.
On behalf of the newly proposed airport a company named Kannur International Airport Ltd (KIAL), has been registered. 26 percentage of the Airport share would be held by the State Government, 23 percent by state-owned public sector units, 49 percent would be held by the public, including non-resident Keralites and two percent by organizations in which the state government has minor stakes.
The nearest International Airport to this proposed airport is the Karipur International Airport at Kozhikode, which is around 80 kms away. Since majority of the people in northern Kerala works abroad, especially in the Gulf countries, this airport would be really of great help for them.
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