V.J. Kurien will retire because the managing director of Cochin International Airport Limited (CIAL) on Wednesday. District Collector S. Suhas has been given the extra cost of the airport, mentioned a press launch from CIAL right here. Mr. Kurien was instrumental in turning the folks’s enterprise greenfield airport into an incredible success. The mannequin has been critically acclaimed. He additionally turned the airport right into a facility relying solely on photo voltaic vitality for its energy necessities. The effort introduced the airport the Champion of the Earth Award in 2015. The award is the best recognition from the United Nations for environmental safety actions.
Mr. Kurien had retired as extra chief secretary of the State and had since continued to maintain cost of the airport operations. His tenure ends on Wednesday after he was requested to proceed for a interval of 5 years after his retirement in 2016.
Mr. Kurien, an IAS officer of the 1983 batch, has been on the helm of affairs of the airport at numerous instances for 19 of the 27 years of the airport’s existence. The thought of an airport with public participation was mooted by him within the Nineties and an organization for the aim was floated in 1994. The airport was commissioned as a PPP enterprise in 1999 and has set a report of its personal when it comes to efficiency and profitability.
The airport employs round 12,000 folks instantly and 25,000 not directly. The airport has 19,000 shareholders and the corporate has been paying dividend since 2002-03. CIAL handles round 1 crore passengers yearly. The dividend out has been 282% as per an organization communication. Mr. Kurien additionally ensured that improvement works price ₹2,016 crore have been carried out on the airport between 2016 and 2021.
He started his profession as Muvattupuzha sub-collector and went on to function the district collector in Alappuzha and Ernakulam and later extra chief secretary. He additionally headed Oushadi, Roads and Bridges Development Corporation and Spices Board.