Monday, November 12, 2018

Funds allocated to acquire land for airport expansion

Coimbatore: The much-awaited land acquisition process for the expansion of the Coimbatore International Airport is set to roll finally with the state government clearing the first phase of funds worth Rs 75crore.
Minister for municipal administration SP Velumani revealed this at the roadshow for the Global Investors Meet 2019 in the city on Sunday.
Addressing the gathering, Velumani said industrialists had long been seeking the expansion of the airport. “Last week, the chief minister signed the release of the first round of fund worth Rs 75crore for land acquisition and it will be issued soon,” he said. The total area needed for expansion will be 650 acres, the minister said and added that the total cost will be about Rs 1,500 crore.
“Once the airport is expanded, the city would get more cargo flights, which would help in bringing more industries and business to the city,” said Velumani.
An official in charge of land acquisitions said the government order allocating the first phase fund was published last week.
12/11/18 Times of India