Noye, 68, was jailed for life after he stabbed 21-year-old Stephen Cameron to death on an M25 slip road near Dartford in 1996.
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The parole board said it had recommended Noye be moved to an open prison where he could be given home leave, trips out and may even get a job.
Mr Cameron’s father Ken, 69, said the Parole Board notified him this afternoon that Noye has been recommended for a move to a Category D or open jail.
The Ministry of Justice is expected to make a decision on whether to move Noye to an open prison within 28 days.
He evaded the police for two years, but was eventually tried at the Old Bailey and jailed for a minimum of 16 years.
Double-killer Kenneth Noye is suitable to be moved to open prison, according to the Parole Board.
He said: “We wanted him to stay behind bars to pay the price for what he has done”.
“If he goes to open conditions we both believe that he will be gone and I don’t think they will ever find him a second time”. The ex-girlfriend of murdered Stephen Cameron, Danielle Cable, was put in a witness protection programme meaning she can only see her family twice a year. “He has no regard for human life whatsoever”.
Noye, who is now at Category C Wayland Prison in Griston, Norfolk, triggered an global hunt after going on the run to Spain following Stephen’s murder.
Six armed men posed as security guards and stole 6,800 gold bars from a warehouse at Heathrow Airport.
The Ministry of Justice will now have to consider the Parole Board’s recommendation.
The police were investigating the £26million Brink’s-Mat bullion heist, for which Noye was later imprisoned for handing stolen goods.
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At Noye’s trial he admitted that he had stabbed Stephen to death but insisted he had acted in self-defence.
