Ministry gets 3 merchant airport proposals

New Delhi: The civil aviation ministry is considering three proposals to set up privately-owned, or merchant, airports in Gwalior (Madhya Pradesh), Durgapur (West Bengal) and Jhhajjar (Haryana).
The proposal for the Gwalior airport comes from sugar baron Vikram Shrivastava, managing director of Gwalior Sugar Corporation Ltd, for a cargo airport at an investment of Rs 300 crore.
The Durgapur proposal is for a passenger airport and has been submitted by a joint venture between Pragati 47, a Kolkata-based real estate and infrastructure developer, and Haryana Urban Development Corporation (Hudco).
The West Bengal Industrial Development Corporation and the Asansol-Durgapur Development Authority are financial partners in the project.
In Jhhajjar, the proposal for an international cargo airport has been submitted by Reliance Industries and will be part of its special economic zone (SEZ).
This interest from private players comes in response to a new policy expected to be ready in a couple of months to allow privately-owned airports.
10/08/07 Anirban Chowdhury/Business Standard

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Categories: Airports Aug 2007, New Aug 2007