Wednesday 6 June 2012

Kannur airport gets nod from PM panel


With GDP growth slipping to nine years low, Prime Minister Manmohan Singh on Wednesday met his infrastructure ministers to set up aggressive targets for 2012-13 in roads, power, aviation, ports and coal sectors to boost the economic growth.
Dr Singh asked the ministers to go the extra mile in implementing their targets for the current fiscal and resolve any inter-ministerial differences which may hold these projects.
The high-level committee of infrastructure ministers, headed by PM, cleared a host of projects. The three new green field airports are Kannur, Navi Mumbai and Goa.
Dr Singh said at the meeting, attended by the ministers and secretaries of key infrastructure ministries- power, railways, roads, shipping, civil aviation and coal, that the government was committed to taking the necessary measures to reverse the present situation and revive India's growth story.
He said that infrastructure sector will need over $ 1 trillion investment in the next five years.
The clearance for Kannur reflects the State Government resolve to ensure that the first flight landed at the airport in three years from now.
The land acquisition has been going apace and the Government on Wednesday announced amendments to the share distribution pattern for the airport under the PPP model.
http://www.deccanchronicle.com/channels/nation/south/kannur-airport-gets-nod-pm-panel-296

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