AAI Investment in kannur airport

Friday, Jul 10, 2015,22:38 IST By metrovaartha A A A

Kannur | The Airports Authority of India (AAI) will  invest Rs 50 crore as equity in Kannur International Airport Limited (KIAL), State Aviation Minister K Babu said.
Excise Minister Babu, who is also incharge of Aviation, said the the State Government and AAI came to an understanding that additional Rs 50 cr would be invested in KIAL project, promoted by Kerala Government.
Meanwhile, the works on runway, signal light and terminal building were going on at a fast pace at Moorkhanparambu near Mattanur in the district, a release said here today.