Nagpur: Maharashtra Airport Development Company (MADC) finally received enough funds to pay for the last round of land acquisition for Mihan project.
The state budget has an allocation Rs 438 crore for the civil aviation sector. This amount is to be used for acquisition of land to develop airports at Amravati, Kolhapur, Karad, Shirdi and Rajgurunagar near Pune, apart from the package to be granted for Mihan.
MADC, which is also developing other airports, needs last patch of 146 hectares in Jaitala-Bhamti villages for the second runway in Mihan. With an offer of Rs 1.5 crore per hectare made to the oustees, an estimated Rs 300 crore will be needed. With the budgetary allocation, MADC finds itself in a comfortable position. The company's vice-chairman-cum-managing director UPS Madan told TOI that the funds would be enough for acquisition in Mihan as well as for other airports. However, the company still awaits formal approval from the government to the rate of Rs 1.5 crore per hectare.
29/03/12 Times of India
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