AAI to invest Rs 250 crore to upgrade Bhubaneswar Airport
Bhubaneswar, Jul 22 (UNI)
The Airport Authority of India (AAI) Chairman K Ramalingam today said a new integrated international terminal building complex will be set up at Bhubaneswar airport under its modernisation and extension plan. Talking to newspersons, Mr Ramalingam said the architecture design competition for the new terminal to accommodate 500 passengers had already been held and the selection procedure would be completed within a couple of days. The complex would come up at a cost of Rs 150 crore under the upgradation on non-metro airport development plan drawn up by the authority. The new terminal building was part of AAI’s Rs.250 crore investment plan on modernisation of Bhubaneswar airport to develop it into an international standard by 2010. He said the AAI has chosen Bhubaneswar airport to be the centre for the regional review for eastern zone as this being an alternate to Kolkata airport, was considered as most important airport in eastern India. The AAI has drawn up plans to extend the runway of Bhubaneswar airport from existing 9,000-feet to 10,500-feet to facilitate Boeing 747 aircraft operation. The Orissa government had been approached to provide 75 acres of land at no price to undertake the project, he added. He said the extension of runway would be commissioned in September, and added that the AAI has decided to further enhance the efficiency of operation proposals for a new taxi track and initiated a parallel taxi track for the airport. Mr Ramalingam said the London based-Global Technical Advisory (GTA) has been asked to prepare a master plan for upgradation of Bhubaneswar airport as the AAI wanted to make this the best one in eastern India. The GTA team would soon interact with the officials of the AAI and decide the model to be implemented for the airport, he stated. This apart, the vacant land of the airport, Mr Ramalingam said would be utilised to set up commercial complex under Citysite development where multiplex, shopping complex, hotel and other commercial establishments under the public private partnership (PPP). To a question whether the AAI has plan to shift the present location of the airport to outside of the capital city, he said Bhubaneswar airport after modernisation would sustain the traffic for another 20 years as the infrastructure could handle 30 aircraft per hour. Mr Ramalingam said during his discussion with Chief Minister Naveen Patnaik, the latter had urged him to make night parking facilities for the airport, which would be soon be taken up.
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AAI team to study for second airport in Orissa
Bhubaneswar, Jul 22 (UNI) The Airport Authority of India (AAI) will soon depute a team to Jharsuguda in western Orissa to study the feasibility and viability of developing Jharsuguda airstrip into a full fledged airport. AAI Chairman K Ramalingam told reporters here that the team would visit Jharsuguda along with some state government officials to survey whether the airstrip could be developed into a second airport in view of big investment proposals pouring into the state from business houses. The Jharsugura airstrip was presently functioning under the state government and was being used for landing of small aircraft. Mr Ramalingam said the team would also look into the technical aspects before taking any decision on the proposed plan.
Report on Karaikal airport submitted to Pondy Govt
Pondicherry, Aug 1 (UNI) The private agency appointed by the Pondicherry administration to take up preliminary study on setting up an airport at Karaikal, submitted it’s report to the government today.
Super Airport Infrastructure (India) Pvt Ltd Director J V Chowdry handed over the report to Chief Minister N Rangasamy.
The agency studied merits and demerits of four sites in the region. It had projected the initial cost for setting up the airport at Rs 56.31 crore.
The Tourism Department will analyse the findings and submit its report to the government. A report would be sent to the Airports Authority of India for its consideration.
Potential for traffic to the Gulf from this region!!
West Bengal keen on AAI modernising Kolkata airport New Delhi, Aug 2 (UNI) Setting at rest the controversy over which way the modernisation process of Kolkata airport would go, West Bengal’s Left Front government has favoured awarding the task to the Airports Authority of India and is intent on keeping private players out of the project, a top CPI(M) leader said today. ‘‘The state government would like the AAI to go ahead with implementing the project... We hope that AAI would take it up as a challenge and accomplish the task even before Delhi and Mumbai (projects),’’ CPI(M) Polit Bureau member Sitaram Yechury told reporters here. The AAI has already selected the design presented by French firm, Aeroport du Paris that designed the Charles de Gaulle airport, out of a global tender. Yechury, who is also the Chairman of the Parliamentary Standing Committee on Transport, Tourism and Culture, said that state Chief Secretary A K Deb has written to Civil Aviation Secretary Ajay Prasad in this regard. The letter, dated July 31, says: ‘‘I would like to reiterate that the state government would like the AAI to go ahead with the implementation of the project out of its own resources, as stated by the Chairman of the Authority. ‘‘It will not favour induction of any private company in the project for upgradation and modernisation of the Netaji Subhash Bose International Airport, Kolkata’’, the letter said, adding ‘‘I would request that the stand of the state government may kindly be kept in mind while implementing the project’’.
On Chennai airport Asked whether the DMK government in Tamil Nadu would take a different line on modernising the Chennai airport, Yechury said the DMK would also take a view on the matter soon. ‘‘We have all along been opposed to privatisation of existing airports,’’ the CPI(M) leader said. He said a detailed presentation was made by AAI Chairman K Ramalingam on July 10 to the state government, which favoured giving a go ahead to the public sector firm. The CPI(M) leader said ‘‘needless controversy’’ was being fuelled on the issue. Besides CPI(M), other Left parties have been opposed to the modernisation of the Delhi and Mumbai airports through the joint venture route. They had also supported the AAI employees’ strike earlier this year to protest the privatisation of the two major metro airports.
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Manipur set to emerge as an hot spot for eco-tourism
Imphal, Aug 2 (UNI)
The Manipur Government has urged the Centre to lift all restrictions on visitors to the state and convert Imphal’s Tulihal airport into an international airport to encourage tourism.(Manipur wants A300 grade operations) Tourism Minister T N Haokip said this would give the ’much desired’ fillip to tourism as Manipur has potential of developing into an eco-freindly hot spot, preferred by most of the tourists. As of now, the foreign tourists inflow into the state is negligible. The minister said though the law and order in Jammu and Kashmir was not good, the Centre had not imposed any restrictions to foreign tourists entering into the territory. ‘‘In the name of law and order, certain parts of the country like ours suffered,’’ he added. When asked about the tourism infrastructure development, the Minister replied, ‘‘We are inviting investors for construction of hotels and tourist homes in Manipur. We will encourage constructing three-star hotels in Manipur. Besides the facility of five-year tax holiday, the Centre is extending a maximum of Rs 75 lakh subsidy to the construction of three -star hotel.’’ When asked about the prospects of foreign tourists, the Minister expressed that Manipur was the place where tricolor INA flag was hoisted for the first time on Indian soil. It was the battlefield of the World War II where many Japanese died. It had British War Cemetery for the Britishers who died in the World War II. Hence, Japanese, Britishers and those involved in INA movement had their emotional attachment to Manipur. In 1990s many war veterans from Japan came to Manipur and offered sweets to their forefathers, Manipur Information Centre said. More than 70,000 Japanese looked for Manipur but a lucky few reached to Manipur. The Minister said, ‘‘Germany had a wall but now it had fallen. So why does the provervial wall wexist in Manipur?’’ When asked about the effect of insurgents on tourists in Manipur, he said they never touch the tourists. Rather they welcomed and admired tourists, he added.
Tulihal airport facelift assured Source: The Sangai Express / Manipur Information Centre
New Delhi, Aug 03: Union Minister for Civil Aviation Pratul Patel informed in the Lok Sabha today that the development of the 35 non-metro airports across the country would be completed by the year 2010-11.The Airport Authority of India (AAI) had decided to modernize 35 selected non-metro airports to world-class standards with focus on airside and city-side development.
Tulihal Airport is also one of the selected airports to be modernized.
The Union Minister also informed in the Parliament that the Committee on Infrastructure had already approved the development of airports in the NE region to be taken on a priority basis.
Other airports in the NE region to be developed are at Agartala, Dimapur, Guwahati and Imphal.
Airports Authority of India plans to upgrade Tirupati and Hubli airports
Tuticorin, Vellore, Pondicherry, Salem airports included
Jagson airlines to start regular flights between Chennai and Pondy
CHENNAI: The Airports Authority of India (AAI) has embarked on an "idle airports activation programme" in the Southern region.
The airports in Tuticorin, Vellore, Pondicherry, Salem, Rajahmundry, and Vijayawada will be covered. Besides, facilities in Tirupati and Hubli airports will be upgraded, according to K. Ramalingam, Regional Executive Director of AAI, Southern region.
"The AAI has asked the airlines to show sustainable operations to enable it to maintain its facilities at these unused airports," Dr. Ramalingam told The Hindu .
Operational
The Vagaikulam airstrip in Tuticorin became operational on April 1 this year with the commencement of Air Deccan flights. There is a 2,600-ft runway and a terminal building designed to handle 50 to 60 passengers. It is situated within 10 km from the port town. The airstrip is suitable for ATR-42 aircraft operations under Visual Flying Range (VFR) conditions.
The Vellore airstrip, located on 51.5-acres, was activated recently to facilitate regular flying by trainee pilots of the Madras Flying Club.
Casual operations
The 2,600-ft runway is on kutcha land and fit for casual operations. It was earlier being used by Taneja Aerospace. The Vellore airport is 5 km away from the town. VFR type operations are permitted.
Jagson airlines will soon commence regular flights between Chennai and Pondicherry. The airport at Lawspet was used by the then feeder airline, Vayudoot, between 1989 and 1993. At present, Orient Flight School is using the airport, located 7 km away from the city and is suitable for ATR operations with load penalty.
Night landing
A terminal building, which can handle over 40 passengers, is available. The AAI is planning night landing facility at Pondicherry airport.
It has received a requisition from Air Deccan for activating the full-fledged airfield in Salem, built in 1993, to accommodate Boeing jet operations.
The NEPC was operating it in 1994 and Tetra aviation from 1997 to 2000.
Runway
Located 20 km from the city, the airport has a runway fit for Airbus-320 operations with load penalty. A terminal building with a capacity to handle 100 passengers is available.
The Rajahmundry airport, 8 km from the city, was used by Vayudoot between 1985 and 1994. The airstrip is being used by helicopters engaged in offshore oil exploration. The 5,830-ft runway is suitable for ATR class operations.
Scheduled flights
The Vijayawada airport is being used by Air Deccan for scheduled flight operations linking Hyderabad and Vijayawada.
The AAI was planning to equip the Tirupati terminal with central air-conditioning facility and the runway re-carpeting and apron expansion work were planned. Work on erecting solar-powered lights on all 12 `obstructing hills' was under progress. Nine hills have the lighting system.
Commissioned
The AAI has commissioned night landing facility at Hubli airport. Apart from expanding the terminal building, it has taken up runway resurfacing work.
Maharashtra approves setting up of company for Cargo hub project
Mumbai, Aug 17 (UNI)
The Maharashtra Cabinet today approved setting up of the company for development of Nagpur airport’s Cargo Hub Project.
The company would have participation of Maharashtra Airport development company (MADC) and Airport Authority of India (AAI), Chief Minister Vilasrao Deshmukh told reporters after the Cabinet meeeting here.
The share of MADC in the new company would be 51 per cent and the share of AAI would be 49 per cent, he said.
The Nagpur airport would be handed over to the new company for a period of 30 years by charging a nominal rate of Re 1 per year, he said.
Central government would be incharge of the airport security and Air Traffic Control, he added.
Air connectivity vital for mega projects coming up in the region
Air Deccan may use short-haul carriers to connect Salem with Mumbai and Bangalore It is in the process of arranging a meeting of citizens to obtain their views Without cargo it will be difficult for any airline operation to prove viable --------------------------------------------------------------------------------
Coimbatore\Salem: While the move to reactivate the Salem airport is welcome, private operators will do well to ponder over the "pitfalls" that led to it remaining idle all these years.
With a flurry of mega projects involving Rs. 3,500-crore investments coming up in the region, the need for air connectivity is all the more felt. The Salem airport was the first in the country for which members of the public donated Rs. 49 lakh (including Rs. 30 lakh by Salem Steel Plant). Originally planned for Vayudoot services using small aircraft and conceived with a 1,350-metre runway, it was expanded by another 600 metres to accommodate bigger planes.
The two-decade-old dream of Salem citizens became a reality in April 1993 at a cost of Rs.6 crore on a 130-acre site at Kamalapuram, about 20 km from the city. But it proved an ephemeral joy. Even before the service was started, citizens raised major objections. They considered the Salem-Coimbatore-Chennai fare of Rs.1,350 exorbitant and were unhappy that they were forced to fly an additional 85 km to Coimbatore before taking off to Chennai. The flight leaving Salem at 6.55 a.m. would reach Chennai only at 9.25 a.m. By train one could reach Chennai in five hours at a far lower cost.
With the private airline finding the Chennai-Coimbatore route far more profitable, it suspended operations to Salem after three months. Only chartered flights have been using the airport since then. Now it has been included in the idle airports activation programme.
Agriculture Minister Veerapandi S. Arumugham told The Hindu that Chief Minister M. Karunanidhi had taken the issue up with the civil aviation authorities. "We have asked them to study the feasibility of operating Indian flights as Boeing flights with load restrictions can operate from here."
K.V. Thangkabalu MP is confident that the airport would become active for both passengers and cargo traffic "very shortly," as many operators had evinced "keen interest." "It (revival of operations) has almost been finalised."
Air Deccan had obtained a No Objection Certificate in 2003 from the Civil Aviation Ministry to link Salem. It may deploy the short-haul 48-seater ATR 42-320 carriers to connect Mumbai and Bangalore. "The huge North Indian trade community prefers this," says a leading travel agency.
S. Sathyanarayanan, president, Salem-Dharmapuri Chamber of Commerce, who has been requested by Air Deccan to convene a meeting of citizens to obtain their views on issues such as schedule, said at least 100 passengers were expected from Salem (60 per cent towards Bangalore-Mumbai and the rest towards Chennai). At least 300 kg of courier consignments were expected to be airlifted daily. Being the only minor airport with Boeing landing facility, Salem could be of immense help.
The only problem, according to K. Mariappan, former general secretary of the Salem District Small Scale Industries Association, is that without cargo it would be difficult for any airline operation to prove viable. For this night landing facility becomes indispensable, as courier consignments would be ready only by night.
Development works on at Tiruchi, Madurai and Coimbatore airports
T.S. Shankar
Runway extension work has been completed in Tiruchi
Works also under way at Visakhapatnam, Kozhikode and Mangalore airports
Runway re-carpeting and extension work in progress at Madurai
A model of Tiruchi airport.
CHENNAI: The Airports Authority of India (AAI) has taken up major development works in the Southern Region covering Tiruchi, Madurai and Coimbatore airports besides Visakhapatnam in Andhra Pradesh, Kozhikode in Kerala and Mangalore in Karnataka.
Giving details on the projects, K. Ramalingam, Regional Executive Director of AAI, Southern Region, told The Hindu that construction work was in progress for a new terminal building at Tiruchi airport along with associate services. While the terminal building project was being taken up at a cost of Rs.74 crore, the runway extension work has been completed. Work was also in progress for constructing a new fire station. The AAI has also approved the new apron expansion project and the Rs.44-crore work had been awarded.
Works at Madurai airport
Referring to Madurai airport expansion work undertaken at a cost of Rs.24 crore, Dr. Ramalingam said the runway re-carpeting and extension work was in progress apart from expansion of the apron and a new fire station were also under way. The architectural planning for the new terminal building has been completed.
On the Coimbatore airport, the modification work of the new arrival hall has been approved. While the expansion of apron work was in progress, the 300-metre runway extension work had been taken up at a cost of Rs.18 crore.
Work on the new terminal was going on at the Visakhapatnam airport. The AAI has completed work on the new runway, the apron area for facilitating civil aircraft movement. The Rs.80-crore project was executed by the AAI following a Memorandum of Understanding (MoU) with the Andhra Pradesh Government and the Defence Ministry.
Referring to Karipur airport at Kozhikode, modification work in the domestic terminal would be completed within this financial year. The AAI would also construct an exclusive international terminal building at a cost of Rs.50 crore.
Meanwhile, the AAI has completed the apron extension work at a cost of Rs.8 crore. Work on the new runway at Mangalore airport has been completed at a cost of Rs.42 crore.
The planning wing of the AAI has also approved a new terminal building at Mangalore airport.
The Union Cabinet today gave its nod for exchange of land owned by the Defence and Civil Aviation ministries in Goa, Port Blair, Mumbai and Porbandar.
Under the proposal, Indian Navy land measuring 19.471 acres at Goa and 2.32 acres at Port Blair would be exchanged with Civil Aviation Ministry land measuring 5.41 acres at Santa Cruz, Mumbai, 3.678 acres at Porbandar and 2.32 acres at Port Blair.
The exchange will be free of cost as it is a mutual exchange between the Defence Ministry and the Airports Authority of India (AAI), Information and Broadcasting Minister Priya Ranjan Dasmunsi told reporters after the cabinet meeting.
The exchange of land between the Navy and the AAI will be a lasting solution and beneficial to both, he added.
Development works on at Tiruchi, Madurai and Coimbatore airports
T.S. Shankar
Runway extension work has been completed in Tiruchi
Works also under way at Visakhapatnam, Kozhikode and Mangalore airports
Runway re-carpeting and extension work in progress at Madurai
A model of Tiruchi airport.
CHENNAI: The Airports Authority of India (AAI) has taken up major development works in the Southern Region covering Tiruchi, Madurai and Coimbatore airports besides Visakhapatnam in Andhra Pradesh, Kozhikode in Kerala and Mangalore in Karnataka.
Giving details on the projects, K. Ramalingam, Regional Executive Director of AAI, Southern Region, told The Hindu that construction work was in progress for a new terminal building at Tiruchi airport along with associate services. While the terminal building project was being taken up at a cost of Rs.74 crore, the runway extension work has been completed. Work was also in progress for constructing a new fire station. The AAI has also approved the new apron expansion project and the Rs.44-crore work had been awarded.
Works at Madurai airport
Referring to Madurai airport expansion work undertaken at a cost of Rs.24 crore, Dr. Ramalingam said the runway re-carpeting and extension work was in progress apart from expansion of the apron and a new fire station were also under way. The architectural planning for the new terminal building has been completed.
On the Coimbatore airport, the modification work of the new arrival hall has been approved. While the expansion of apron work was in progress, the 300-metre runway extension work had been taken up at a cost of Rs.18 crore.
Work on the new terminal was going on at the Visakhapatnam airport. The AAI has completed work on the new runway, the apron area for facilitating civil aircraft movement. The Rs.80-crore project was executed by the AAI following a Memorandum of Understanding (MoU) with the Andhra Pradesh Government and the Defence Ministry.
Referring to Karipur airport at Kozhikode, modification work in the domestic terminal would be completed within this financial year. The AAI would also construct an exclusive international terminal building at a cost of Rs.50 crore.
Meanwhile, the AAI has completed the apron extension work at a cost of Rs.8 crore. Work on the new runway at Mangalore airport has been completed at a cost of Rs.42 crore.
The planning wing of the AAI has also approved a new terminal building at Mangalore airport.
Wow the airport looks more like a shopping mall to me
Beautiful
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Light travels faster than sound...thats why people appear bright, until you hear them talk!
Salem airport is all set to get a new lease of life
There was a really small a/c VT-VAE flying BLR-Salem non-stop the other day. I tried looking up this a/c but could not find a picture on A.net, nor the registration/ownership details on teh DGCA site!
The ATC intructions were quite simple - take off on RWY 27, climb 3000 ft, and turn left, set course direct to SALEM. Nothing else needed
Coimbatore: The Coimbatore Airport is all set to witness entry of two more domestic airliners within a month to operate services on the Coimbatore-Pondicherry and Coimbatore-Ahmedabad sectors. In the next phase, one of the airlines is planning to fly to Kochi and Agatti (Lakshadweep). An airline has plans for a connecting flight to Tirupati.
At present, there are five airlines - Go Air, Jet Airways, Indian, Paramount and Air Deccan - operating services to Chennai, Bangalore, Hyderabad, Kozhikode, Mumbai and New Delhi. There are 17 aircraft movements a day (one movement includes both landing and take-off). Indian is also operating three services a week from Chennai to Sharjah via Coimbatore and Kochi.
Air Sahara has temporarily suspended its service to Hyderabad. In addition, SriLankan Airlines is operating a cargo freighter with 14 movements a week to Colombo.
The entry of low cost-no frill airlines has increased both the number flights and passenger traffic to and from Coimbatore considerably.
Airport Authority of India sources indicated that Jagson Airlines has expressed interest to operate a morning service on the Pondicherry-Coimbatore-Pondicherry sector.
The airliner is planning to deploy an 18-seater Dornier aircraft on this sector. The same airline will offer a connecting service to Tirupati from Pondicherry. Jagson has plans to operate services from Coimbatore to Kochi and Agatti in Lakshadweep in the next phase.
Similarly, Kingfisher Airlines had planned a service from Coimbatore to Ahmedabad from August 15. It is likely to begin some time in September, the sources say.
An international airline has already visited the airport to have a feel of the facilities here for starting operations to South East Asian destinations from Coimbatore.
The Airport Director (in charge), R.S. D'cruz confirmed that the two domestic airliners have given expression of interest. The airlines were complying with the procedural formalities and the services would start after a formal clearance from AAI authorities, he says.
The airport is fully equipped in terms of infrastructure and logistics to handle the growth in traffic.
Just checked. VAE is a classified registration, whcih means it could be defence. It is not showing up in the DGCA registration base also.
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But Madras Flying Club has started operations from Banglore to Chennai, Salem and Vellore for practice.
Also their plans of starting operations just near Chennai airport has irked line and senior pilots as they say it will be a hazard for scheduled operations. The IAF has also joined in the objections..
Also their plans of starting operations just near Chennai airport has irked line and senior pilots as they say it will be a hazard for scheduled operations. The IAF has also joined in the objections..
Wow - sounds like the crab mentality - surely the same line/senior pilots were not born with 2500 hours and PIC ratings, and had to learn the ropes themselves. Idiots!
CHANDIGARH: Anticipating increased horticulture export orders from the northern region, Punjab government is going to construct a new perishable cargo centre at the Amritsar airport at a cost of Rs 18.5 crore.
CEO council for value added horticulture in Punjab, VS Chimni told TOI, "The Airports Authority of India has agreed to give us joint custodianship of around 9,000 sq m of land at the airport to be used for the centre."
According to officials, the new centre with a capacity of 200 tonnes per day, would come up on the right side of the existing temporary centre which was inaugurated recently and has 80 tonnes per day capacity.
The council had appointed Global Agri Systems as consultant for the project. They will submit a detailed project report to the council by next week.
Claiming it to be a model perishable cargo centre in the country, manager technical with the consultants Alok Srivastava said, "We are trying to make it paperless office where all dealings will be online.
It will have a controlled temperature zone, conveyor belt, work station and storage space. There will be a pre-cooling and processing room for loose cargo."
Following the inaugural consignment of lady's finger, bitter gourd and chilly to UK by Field Fresh Foods — a unit of Bharti — from the temporary centre a few weeks ago, officials said other players like Reliance and ITC may also join in as they plan their agri-ventures.
"Given the potential of horticulture-exports in the region we think even this capacity (200 tonnes/day) would fall short," said an official of the council.
He further said Singapore Airlines, Air India and Jet Airways, which operate international flights from the airport, have shown willingness to carry cargo provided there is assured consignment.
Maharashtra Airport Development Company (MADC), the special purpose vehicle of the state government, will float a new company to develop Nagpur Airport at an estimated cost of over Rs 2,000 crore.
In the new company, private players will be permitted to own 64 per cent of the equity, MADC will hold 26 per cent in the form of land and 13 per cent will be with Airports Authority of India (AAI).
Confirming this, MADC vice-chairman and managing director RC Sinha said: “MADC will float the new company once the airport has at least 50 flights landing and takeoff in a day.” Currently, Nagpur Airport operates 26 flights a day.
Nagpur Airport, spread over 1,200 hectares, will be an international hub with ultimate space for parking 50 aircraft in the terminal and 50 aircraft remote.
“The runway will be extended to 4000X60 meters to meet international standards from the existing 3200X45 meters. In addition, the project has an option to have one more airstrip with 4000X60 meters,” Sinha said.
He said airport has a modular design programme for 30 years. But taking the robust growth in passenger and freight traffic, MADC is planning to reduce it by 20 years.
“The airport will construct night parking and hangar facilities with provision of regular maintenance options. Those airlines, which are struggling to get parking space, will be attracted to Nagpur,” Sinha said.
Meanwhile, Chennai-based SICAL Logistics will set up a rail-road terminus at an estimated cost of Rs 200 crore to link the airport with other places.
MADC will also construct a special sorting centre and bonded customs area for cargo terminal, enabling airlines to redistribute cargo freight. Indian Airlines has decided to opt Nagpur as hub airport.
MADC, constituted by Maharashtra government for implementation of Multi-modal International Hub Airport at Nagpur (MIHAN) project, will sign an agreement shortly with AAI for operating Nagpur Airport.
Initially, Nagpur Airport will be run by a special purpose vehicle floated by MADC and AAI with an equity stake at 51:49 per cent basis.
“The special economic zone (SEZ) coming up as part of MIHAN project will boost traffic of passengers as well as cargo,” Sinha added.
Recently, MADC has raised Rs 300 crore from financial institutions, led by Vijaya Bank, and received Rs 80 crore as operating funds from the state government.