06-May-2008
The development of Chennai airport is likely to be put on the fast track in the next few weeks with the pre-public investment board meeting for the project scheduled to be held here on May 12.
Generally the inter-Ministerial pre-PIB meeting is held to iron out any differences that various ministries have about the project. After the pre-PIB clearance, the project will have to get the nod from the Public Investment Board and finally the Cabinet Committee on Economic Affairs before work can begin.
The development work is expected to cost Rs 1,808 crore. Sources indicated that consultations have been held with the State Government to acquire 1,069.99 acres of land and hand this to AAI free-of-cost.
The Government has decided that the modernisation of both Chennai and Kolkata airports will be taken up by Airports Authority of India.
http://www.thehindubusinessline.com/2008/05/06/stories/2008050651450700.htm
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