CNN-IBN on CIAL
**CNN-IBN report has serious factual errors . They have
reported that CIAL is going to invest Rs.300 crore which
is incorrect as per the CIAL’s recent press release ,the
figure is Rs.3500 cr. The IT park is not of Rs 6.4 crore
but Rs. 6.40 billion.
CNN-IBN report
Visit this link for the correct investment figures.
The Hindu report
State-of-the-art airport in Cochin
Naveen Nair
CNN-IBN
Tuesday , February 20, 2007 at 19:53
NOT A FLIGHT OF FANCY: The Cochin International
Airport is all set to change the way one looks at civil aviation.
Cochin: There is good news for travellers who put up with the
daily hassles of international airports in India. The Cochin
International Airport, the country’s first joint public-private
venture in civil aviation, is close to setting a benchmark.
The airport will soon emerge as India’s first airport township
with an investment of just Rs 300 crore** (its Rs3000 crore or
$640million) .
“The government is there to give the policy support. The delays
of red-tapism and bureaucratic functioning are not here. So,
decisions are taken quickly. This is something which you
won’t find in any other airport in the country,” MD, Cochin
International Airport Limited (CIAL), S Bharath says.
Ten years down the line, the airport will have 18 different
sub-projects including, a 6.4 crore IT park-( its Rs640 crore
- what cnnibn has reported is incorrect), a golf course, a
perishable cargo unit, half a dozen five-star hotels and an
aviation academy spread out over 1,300 acres of land.
And to top it all, there’s going to be a state-of-the-art
maintenance and hanger unit exclusively for Airbus 380.
This airport township will be funded by Kerala NRIs,
the state government and other financial institutions.
Not only will this be the first of its kind in the country,
the project will also have a huge employment potential.
“The idea is to capitalise on Kerala’s strengths.
Employment generation is the key and with the state
having such a huge human resource potential it will
not be a problem. Instead of people going all the way
to the Gulf to find a job let’s have viable employment
here,” Bharath says.
The CIAL success story has already become a case
study for professionals at the Harvard School of Economics.
The Sri Lankan government has also approached CIAL to
replicate the Cochin model for them.
Having made a huge successful economic model,
the CIAL with its new value added services hopes to
make this airport the gateway to Kerala. With plans
for an airport township already in place, the Cochin
International Airport is all set to change the way one
looks at civil aviation in the country.