Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Industry / Infrastructure/  Panel gives in-principle nod for three new airports in Andhra Pradesh
BackBack

Panel gives in-principle nod for three new airports in Andhra Pradesh

'In-principle' nod has been granted for airport projects at Bhogapuram and Dagadarthi, both in Nellore district, and Orvakallu in Kurnool district of Andhra Pradesh

The steering committee on greenfield airports has given site clearance for the proposed aerodrome at Kothagudem in Telengana.Premium
The steering committee on greenfield airports has given site clearance for the proposed aerodrome at Kothagudem in Telengana.

New Delhi: A government panel Monday gave its ‘in-principle’ approval for three new airports in Andhra Pradesh that are estimated to cost 2,376 crore.

Besides, the steering committee on greenfield airports has given site clearance for the proposed aerodrome at Kothagudem in Telengana.

‘In-principle’ nod has been granted for airport projects at Bhogapuram and Dagadarthi, both in Nellore district, and Orvakallu in Kurnool district, an official release said.

The international airport at Bhogapuram would be developed by the Andhra Pradesh government under public private partnership (PPP) at an estimated cost of 2,200 crore to cater to 6.3 million passengers per annum (mppa) in the initial phase, it said.

The other two would be developed as domestic no-frills airports with an estimated cost of 88 crore each. While Dagadarthi would be developed under PPP mode, Orvakallu would be taken by the state government itself.

Together, these airports would cost 2,376 crore.

The committee, headed by civil aviation secretary R.N. Choubey, has recommended ‘site clearance’ for the greenfield airport project at Kothagudem. With this project, Telangana would be getting a second greenfield airport after Hyderabad international airport.

“These clearances are expected to enhance the aviation infrastructure facilities in states of Andhra Pradesh and Telangana and will also boost the regional connectivity scheme," the release said.

To boost air connectivity, the government has announced regional connectivity scheme under the new civil aviation policy. The scheme would provide various incentives to airlines and airports while the fare would be capped at 2,500 for one-hour flights.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 26 Sep 2016, 08:41 PM IST
Next Story footLogo
Recommended For You
Infrastructure Stocks
₹20.243.56%
₹3,600.85-1.55%
₹200.15-3.17%
Switch to the Mint app for fast and personalized news - Get App