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A consortium of STUP Consultants and Darashaw has been selected as integrated airport project consultant for the Kannur International Airport Ltd (KIAL).
The airport company signed an agreement with the consortium here on Tuesday, V. Thulasidas, Managing Director, KIAL, told Business Line here.
CARBON-NEUTRAL
The consortium will handhold KIAL to develop the greenfield airport project from the design to operational stage.
It will provide advisory services on strategy and technical, finance, legal, legal and operational aspects.
The airport is proposed to be carbon-neutral and hopes to rely to the maximum extent possible on clean and renewable energy.
The consultants are expected to incorporate the green energy concept into the airport infrastructure.
PPP MODEL
Kannur is the fourth international airport in Kerala, being developed in a private-public participation mode based on the Cochin International Airport Ltd.
The State Government will hold 26 per cent of the equity, while 23 per cent will be held by public sector undertakings of the State or Central Government.
Government-promoted agencies will hold two per cent and balance would be raised from qualified institutional investors, individuals, companies, cooperative banks/societies and other legal entities.
The company expects to get the equity component fully subscribed by March next year.
EARTH WORK
Giving an update, Thulasidas said some of the country’s largest companies have expressed interest for undertaking earth work in the entire operational area.
Terms of Reference for the environment impact assessment (EIA) study had been cleared by the Ministry for Environment and Forests.
Thiruvananthapuram-based Centre for Earth Science Studies and Environmental Engineers and Consultants, New Delhi, are consultants for the study.
Half of the exercise is already over, Thulasidas added.
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