Firm to operate Mohali airport will be named after Chandigarh

Mohali: The joint venture company (JVC), which will operate and maintain the upcoming international civil air terminal in Mohali, will be named ‘Chandigarh International Airport Private Limited’.
A proposal to this effect has been made in the draft agreement prepared by the Airports Authority of India (AAI) for the formation of the JVC.
With 51 per cent equity stake of the AAI and 24.5 per cent each of the Greater Mohali Area Development Authority (GMADA) and the Haryana Urban Development Authority (HUDA), the JVC will come into being with the signing of agreement between the partners.
Approving “as it is” the draft agreement and formation of the JVC as proposed by AAI, GMADA accorded approval to sign the agreement at its fifth meeting chaired by Punjab Chief Minister Parkash Singh Badal, who is also GMADA chairman.
Confirming the development, GMADA Chief Administrator (CA) Vivek Pratap Singh said the AAI has been intimated about the decision. “We are expecting a call from the AAI to sign the agreement shortly,” he said.
With this, the controversy over naming the JVC has come to an end. While Punjab had proposed that the JVC be named as “Shaheed-e-Azam Sardar Bhagat Singh International Airport Limited, Mohali”, Haryana had said it should be named after Chandigarh.
16/09/09 Nitin Jain/Express India

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Categories: Airports Sep 2009, New Sep 2009