Friday, March 08, 2019

Chennai’s 2nd airport may come up on 3,500 acres near Mamandur

Chennai: Chennai may get its second airport in Mamandur, 80 km south of the city, if a private developer’s proposal gets the final nod from the government. Gigi George, the developer, said the Airports Authority of India (AAI) cleared the site after an inspection.

A realtor and partner in KGS Developers, George said the greenfield airport will come up on 3,500 acres at an investment of ?4,500crore. AAI has cleared the site and informed the state government, and if all goes to plan the first phase could be ready to handle 20 million passengers by 2022-23, he said. A Special Purpose Vehicle, Taking Off To The Future Private Ltd, has been formed to execute the project.

“We have signed up with a middle east-based investor (who has interest in airport assets in Kerala), for a first investment tranche of $100 million,” George told TOI. He had proposed to set up a greenfield airport in Aranmula in Kerala’s Pattanamthitta district. The Kerala government cancelled the project citing environmental issues.

A senior AAI official said the Mamandur land parcel was among those studied, but there was no confirmation about clearance from the headquarters or the civil aviation ministry. “We cannot comment on this,” the official said.

Sandwiched between GST Road and a railway line, the location is ideal for a greenfield airport, George said. The proposed complex will be 1.4 lakh sqm in phase I, 2.75 lakh sqm in Phase II and 1.35 lakh sqm in phase III. In all there will be 5.5 lakh sqm, with hotels, a convention centre and a township.

It will have two runways. The existing airport in Meenambakkam handles nearly 20 to 21million passengers a year. “At a growth rate of 10%, by 2022 the airport will reach saturation,” he said.
08/03/19 Rajesh Chandramouli/Times of India