Thursday, December 28, 2006

Plans in the wings for long, work on ITB at Ahmedabad to take-off

Ahmedabad: If all goes as planned, the construction of a new International Terminal Building (ITB) along with a city-side approach road, car park and an apron at the Sardar Vallabhbhai International Airport will begin by the end of this month, said Airport Director S D Awasthi on Wednesday. The proposal for the building along with city and air-side development was approved by the Government of India and Cabinet on Economic Affairs chaired by Finance Minister P Chidambaram on December 21.
The two-phase project, to be funded by the Airport Authority of India (AAI) and the Central Government, is expected to be completed in 18 months from the date of sanction, said Awasthi.
‘‘The estimated cost of Phase I has been pegged at Rs 196 crores and Phase II at Rs 95 crore. The total cost will be Rs 291 crore plus an additional Rs 27.35 crore in foreign exchange (in Internationalised Normalised Ratio for 2005-2006) for Phase I. After taking inflation into account, the total cost of the project will be around Rs 313.22 crore,’’ said Awasthi.
28/12/06 S. Krishnan/Expressindia.com
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