Thursday, 10 January 2013

Govt to hold 10% stake in Aranmula airport project


THIRUVANANTHAPURAM: The state government has decided to take up 10% stake in the Aranmula airport project. The cabinet, which met here on Wednesday, gave its nod for the project and to have a government nominee on the director board.

The move, viewed as a boost for the project which had already lagged behind owing to controversies, may open up another round of debate and legal battle between promoters of the project and environmentalists. The greens in the state led by Sugathakumari have opposed the concept of Aranmula airport and were putting pressure on the government not to involve itself in the project. However, senior leaders in the UDF, including those representing the Central Travancore, had lobbied for the project and the government finally decided to be part of it.

Announcing the decision, chief minister Oommen Chandy said the government would go ahead with the de-notification of excess land notified by the previous government for the project. The land required has been determined and the government will take over the remaining land.

He said the government would be providing its land for the project at market price, but it would not make any investment in it. The cost of the land would be treated as equivalent to the government's share.

A proposal to start two maritime institutes in the state also got the cabinet nod. Neendakara and Kodungallur have been selected as locations for setting up the institutes at a cost of Rs 36.63 crore and Rs 9.64 crore, respectively.

The cabinet also approved a proposal to start Kerala Minority Development Finance Corporation. A fund of Rs 50 lakh has been set apart as the initial capital for the corporation.

The cabinet would recommend the governor to amend the Kerala Dairy Farmers Welfare Board Act. An ordinance for the same would be introduced, chief minister said.

The cabinet also decided to forward its recommendations for the amendment of the Prevention of Torture Bill, 2010, introduced by the Union government.

http://timesofindia.indiatimes.com/city/thiruvananthapuram/Govt-to-hold-10-stake-in-Aranmula-airport-project/articleshow/17976924.cms

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