Kolkata: The estimated project cost of the air traffic control tower and technical block has shot up from Rs 270 crore to Rs 380 crore following a four-year delay. By the time the tower is commissioned in 2018-19, the cost may shoot up by a further Rs 120 crore, taking the overall project cost to Rs 500 crore.
Originally proposed in the first phase of the airport modernization that included the integrated terminal, the ATC tower project was put on the backburner followed funds crunch. The Airports Authority of India (AAI), which carried out the modernization of Kolkata and Chennai airports, pumping in Rs 4,340 crore for the two metro airports in addition to investments in smaller airports, needed a breather.
Now, a year and a half after completion of the first phase, AAI is set to roll out the second phase by reviving the tower project. But now it has to shell out Rs 230 crore for the civil work, up from Rs 120 crore estimated six years ago. It was revised to Rs 200 crore a year ago, factoring in construction cost escalation. It has now been further hiked by Rs 30 crore as the floor area of the technical building has been increased.
02/09/14 Times of India
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Originally proposed in the first phase of the airport modernization that included the integrated terminal, the ATC tower project was put on the backburner followed funds crunch. The Airports Authority of India (AAI), which carried out the modernization of Kolkata and Chennai airports, pumping in Rs 4,340 crore for the two metro airports in addition to investments in smaller airports, needed a breather.
Now, a year and a half after completion of the first phase, AAI is set to roll out the second phase by reviving the tower project. But now it has to shell out Rs 230 crore for the civil work, up from Rs 120 crore estimated six years ago. It was revised to Rs 200 crore a year ago, factoring in construction cost escalation. It has now been further hiked by Rs 30 crore as the floor area of the technical building has been increased.
02/09/14 Times of India
