The 27th Annual General Meeting of Cochin International Airport Ltd (CIAL) was held today via online . Hon. Chief Minister and Chairman of the Board, Shri.pinarayi Vijayan chaired the meeting.
During his address to the shareholders, the Chairman informed that the new management had already initiated steps to activate new revenue streams for the company as well to increase better connectivity. The business jet terminal work is scheduled to commence by next month- Pinarayi Vijayan added. The management hopes that the work could be completed in one year
He also informed that the management initiated discussions to increase connectivity to Europe and Africa. CIAL has successfully completed the first phase of 'Operation Pravaah ' ; the flood mitigation project on time. Three bridges were constrcted; at Chethikode, AP Varkey Road and Kuzhippallam and the company so far spent around Rs. 102 Cr. for the flood mitigation activity which is being carried out an area encompassing Kochi Airport and adjoining villages. The company also effectuated a Land Utilization Plan.
Ministers and CIAL directors Sri. P. Rajeeve, Sri. K. Rajan, Independent directors Sri. K. Roy Paul, Smt A.K.Ramani, Directors Sri. M.A. Yusuf Ali, Sri. N.V.George, Sri. EM.Babu, Managing Director Sri. S Suhas IAS participated in the deliberations.