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Status of Land Acquisition So far, 959.72 acres of land has been taken over under the Fast Track Scheme and compensation paid to the land owners. Land required for rehabilitation has also been taken over and plots to be given to each of the 126 families have been selected through lottery in the presence of the families and representatives of Mattannur Municipality and Keezhallur Panchayat. In the second phase, 783 acres more has been notified and is expected to be taken over in 6 months. Appointment of consultants The third meeting of the board of directors held on 26 May 2010 has decided to float Request for Proposal to appoint an integrated consultant to assist the Company in finalizing the master plan of the airport, obtain statutory clearances, tie up equity and debt as required, finalise tenders for construction and supervise construction. The board also decided that the foundation stone should be laid on 1 November 2010. Public Limited Company Government of Kerala vide GO No (MS)No.13/2010/Tran. dated 27 February 2010 has converted the Kannur International Company Limited (KIAL) in to a Public Limited Company in which the Government will hold 26% equity, Public Sector Undertakings 23%, Government-promoted Companies that are not PSUs 2% and private institutions and individuals 49%. Chief Minister of Kerala has been appointed the Chairman of the Company and the following Ministers appointed as Directors: Minister (Home, Tourism and Vigilance) In addition, Additional Chief Secretary (Finance), Secretary (Tourism) and Managing Director, KINFRA will also be Directors. Sri V.Thulasidas, Special Officer has been appointed Managing Director of the Company. The board at its meeting on 26 May 2010 adopted a new set of Articles of Association suitable for a Public Limited Company. Meetings were held on 23 June 2010 at Mascot Hotel, Thiruvananthapuram with PSUs and Co-operative Institutions for subscription to the equity of KIAL. The meetings were presided over by the Chief Minister, Kerala, who is also the Chairman of the Board of Directors of the Company. Minister(Home, Vigilance & Tourism) and Minister(Industries), both Directors of the Company, also attended the meetings. The meetings decided that PSUs and Co-opertives would subscribe to the portions of equity ear-marked for PSUs(23%) and public(49%) respectively.
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