New Initiatives

The Kannur International Airport (KIAL) is the second greenfield airport setup in the public private partnership (PPP) model in civil aviation infrastructure sector in kerala .

The Airport has been planned for development in phases on a modular basis to suit future requirements and also to minimize the initial investments so as to generate revenue at the earliest possible time.

Overview:

The State’s prestigious greenfield Airport project named ‘KIAL’ will be coming up close to Mattannur in Kannur district of Kerala State. It is only 20 kms away from Kannur city, and 2 kms from Mattannur on Kannur – Mattannur – Mysore road.

The Airport is strategically located with easy access from NH-17 and SH-30 & 36 . The main Railway line from Kanyakumary to Bombay is nearest to Airport and it is situated in between Thalasserry and Kannur railway station.

Objectives

  • To provide an international gateway in the northern Malabar region with state-of-the art facilities to support safe, efficient and cost effective travel for foreign tourists and ‘non-resident’ Indians from Kerala, as well as domestic passengers.
  • To act as air cargo hub for Malabar Region.
  • To provide a host of commercial, trade promotion and industrial activities that can generate employment opportunities, provide avenues for the trade in traditional products to affluent markets in the Gulf and Europe and to open new vistas in the field of IT & ICT.
  • To promote beach, pilgrimage and health tourism.
  • To transform the North Malabar region into a highly developed growth centre for travel, tourism and industries.

Project Structure

Kannur International Airport Ltd is an Unlisted Public Company promoted by Government of Kerala, to build and operate airport of International standards at Mattannur, Kannur Dist, the northern part of Kerala, primarily to cater the need of large NRI population in the region who travel frequently to various international destinations, the flourishing business community and tourists. The area is of immense tourist potential and attracts both domestic and international tourists. The airport is now planned to be commissioned in September 2017. The phase I project cost is Rs. 1892 crore which is being funded by equity capital of Rs. 1000 crore and debt 892 crore. Recently Authorised Capital of the Company was increased from Rs. 1000 crore to Rs. 1500 crore to fund the runway extension from 3050 metres to 3400 metres

The present Capital structure and share holding pattern of the Company is:

Government of Kerala (Promoter)                          :  35%

PSUs owned by Govt. of Kerala                             : 2.32%

Bharat Petroleum Corporation Ltd(Central PSU)   : 21.68%

Airports Authority of India                                     : 10%

Private Sector                                                          :  31%

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