Lucknow: The Union finance ministry has sanctioned Rs 70.93 crore for the international airport at Kushinagar. The money has been approved under the ministry's Viability Gap Funding (VGF) scheme, state tourism officials said on Monday. State tourism secretary Manoj Kumar Singh had made a presentation on the airport project to the ministry about a month back.
"The consent for financial assistance was received by the tourism department a few days ago," said Bharti Singh, officer on special duty, UP Tourism. Citing the secretary, she said, "This would give the much needed infrastructure boost to the project."
The amount sanctioned by the Union government will cover 20% cost of the project. The state government has already committed to pay an equal amount.
04/12/12 Times of India
