Cochin International Airport Ltd (CIAL), the country´s first greenfield airport in the public-private partnership mode, handed over a cheque of Rs 17.76 crore to the Kerala Government as its share of profits for the last fiscal.
Cochin International Airport Ltd (CIAL) will have new airport surveillance radar (ASR) within the next six months.The new radar system will make it possible to reduce the holding time of the aircraft before landing from the present level of 12 minutes to three minutes
In a bid to solve the road congestion enroute Nedumbassery airport, the Cochin International Airport (CIAL) has begun widening of the two-lane road from Athani to the international airport in Kochi. If all goes well, the road widening work will be completed within a year. The existing two-lane road will pave way for a four-lane National Highway thus helping to decongest the road.
In Kerala, the Cochin International Airport (CIAL), the first international airport in the Private-Public-Participation mode in the country, is said to have clocked a net profit of Rs 110 cr after tax in the 2012-13 financial year, up Rs 8 cr from the previous year’s. The CIAL’s turnover crossed Rs 300 cr last fiscal. Last year, CIAL declared a dividend of 16 per cent for shareholders.
For its better performance, the Cochin International Airport in Kerala will be equipped with a radar system costing Rs 30 crore and it will become operational within three weeks. The Airport Authority of India (AAI) is conducting final tests and the nod from the Director General of Civil Aviation for commissioning the system is now awaited. Installation of the radar will reduce the landing time from the present six to nine minutes to approximately three minutes.
To meet the growing demands of air travel for the next 20 years, Cochin International Airport (CIAL) will soon take up the construction of a new terminal. The proposed 15 lakh sq.ft terminal is estimated to cost Rs 250-crore.
The Cochin International Airport Limited, which operates India´s first corporate airport in the Kerala port city of Kochi, is building a new terminal for international passengers at a cost of Rs 8 bn. The 1.5 mn-sq-ft terminal, more than three times bigger than the existing one is capable of handling 4,000 passengers per hour.
The Cochin International Airport Ltd (CIAL) will soon open a four-lane road from the National Highway keeping in mind the steady growth in passenger movement through the airport. The airport company is in the final stages of completing the first phase of the 5 km long stretch, which is scheduled to open soon. The 2.5 km stretch starting from the highway to the Golf Course Club is being developed at a cost of Rs 21.3 crore.