Punjab Cabinet Monday approved an international civil terminal for Ludhiana at Halwara Indian Air Force (IAF) station.
The Cabinet has given a go-ahead for signing of a Memorandum of Understanding between the Airports Authority of India (AAI) and Punjab government.
An international airport has been a long-pending demand of the residents of Ludhiana with the city serving as business and industrial hub.
Currently, the lone Air India flight to Delhi operates four days a week from Sahnewal domestic airport.
Ludhiana MP Ravneet Singh Bittu said the civil terminal would be developed jointly by the AAI and Punjab government through a Joint Venture Company (JVC) to be constituted for the purpose. While the AAI will have a majority stake of 51 per cent, the government of Punjab, through Greater Ludhiana Development Authority, will have 49 per cent.
The state government will provide 135.54 acres of land free of cost to the JVC by way of its equity in the project.
The capital expenditure on development of the new airport will be borne by the AAI, whereas that on the operation, maintenance and repairs will be taken care of by the JVC.
04/12/18 Indian Express
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The Cabinet has given a go-ahead for signing of a Memorandum of Understanding between the Airports Authority of India (AAI) and Punjab government.
An international airport has been a long-pending demand of the residents of Ludhiana with the city serving as business and industrial hub.
Currently, the lone Air India flight to Delhi operates four days a week from Sahnewal domestic airport.
Ludhiana MP Ravneet Singh Bittu said the civil terminal would be developed jointly by the AAI and Punjab government through a Joint Venture Company (JVC) to be constituted for the purpose. While the AAI will have a majority stake of 51 per cent, the government of Punjab, through Greater Ludhiana Development Authority, will have 49 per cent.
The state government will provide 135.54 acres of land free of cost to the JVC by way of its equity in the project.
The capital expenditure on development of the new airport will be borne by the AAI, whereas that on the operation, maintenance and repairs will be taken care of by the JVC.
04/12/18 Indian Express
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