Wednesday, April 23, 2014

Cochin Airport plots ambitious duty free expansion at new international terminal

Cochin International Airport Ltd has begun work on its new international terminal, with completion expected by mid to late 2016. And the company has pledged an impressive commercial offer, including close to 40,000sq ft of duty free space. The expansion is in anticipation of rapid growth in passenger numbers. These hit 5.39 million in the latest financial year, up by more than +10% year-on-year.
The new terminal will measure 1,500,000sq ft with the capacity to handle 4,000 passengers during peak hours. This is the biggest expansion of the airport since it began operations in 1999.
Airport Director A.C.K.Nair said: “CIAL has decided on a major expansion considering the passenger growth. We started the construction of a new International Terminal and this is expected to be completed within 30 months. This terminal is to cater to the needs of at least the next 15 to 20 years. We are also creating more retail area in the terminal to maximise the commercial revenue.”
Alpha Kreol India, a joint venture with World Duty Free Group, has managed Cochin International Airport’s duty free business since 2002.
22/04/14 Dermot Davitt/Moodie Report
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