A mini airport may come up in Kasaragod

coastaldigest.com news network
March 24, 2018

The Kasaragod Zilla Panchayat of Kerala has proposed construction of a mini-airport or airstrip to accelerate the growth of tourism industry in the coastal district.

The plan is to float a company modelled on the Cochin International Airport Ltd (CIAL) in Kasaragod and facilitate operation of small aircraft.

This was among the highlights of the budget presented by Zilla Panchayat vice president Shantamma Philip on Thursday.

The development comes in the wake of Union government's proposal to start mini-airports for intra-district connectivity in Kasaragod, Kozhikode, Wayanad, Palakkad, Kochi, Idukki and Thiruvanathapuram.

The Zilla Panchayat will take the initiative to set up the mini-airport once the State government gave the green signal and support for the project. The airstrip will help improve connectivity and tap the tourism potential of the district by linking it with major cities.

The local body has identified 75 acres at Periye to start work by mopping up a working capital of Rs. 30 crore by soliciting support from Non-Resident Keralites, district panchayat president A.G.C. Basheer said.

However, the Opposition CPI(M) has termed the move impractical. The party said the proposal was rejected by the CIAL citing lack of feasibility, Zilla Panchayat member and CPI(M) leader V.P.P. Mustaffa said.

In fact a mini-airstrip at Periye was mooted around six years ago with a view to promoting Bekal Fort as a global tourism destination. The airstrip project was then aimed to link Mangaluru and other Kerala airports to help the tourists skip the narrow and bumpy roads to have easy access to Bekal.

Comments

ALTAF
 - 
Wednesday, 28 Mar 2018

We Kasaragodians required basic facilities such as 4 track highway, street lights, good local roads, drinking waters.  Not a airport in near future.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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News Network
April 2,2020

Bengaluru, Apr 2: A health worker, who was part of a team fighting against the Coronavirus disease in the city, was allegedly attacked by a mob and duped of her belongings at the Sadiq Layout in the Shivajinagar area on Thursday.

According to police sources, the health worker came under attack by a mob of youths when she was collecting data from those who were sick in the locality.

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News Network
January 10,2020

Mangaluru, Jan 10: A person has been booked for forwarding provocative message on WhatsApp against the Dakshina Kannada Khazi Twaqa Ahmed Musliyar.

According to police, the accused Hassan forwarded provocative messages against the Khazi in a WhatsApp group on December 31, following which he was booked under several sections of Indian Penal Code (IPC).

Mangalore North Police are looking into the matter. 

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