Thursday, October 08, 2015

AP eyes site clearance for Bhogapuram airport by next month

Visakhapatnam: With an eye on speeding up the proposal to set up a greenfield international airport at Bhogapuram, the AP government has appointed energy, infrastructure and investment secretary Ajay Jain as the chairman of Bhogapuram International Airport Corporation Limited (BIACL), a special purpose vehicle set up in May this year to execute the airport project.

According to highly placed sources, the AP government is also gunning for the site clearance from the civil aviation ministry for the Bhogapuram project in the next one month.

According to GO RT 20 released on Wednesday, the AP government is also planning to issue orders to appoint a fulltime managing director for BIACL, who will be the project proponent for the Bhogapuram Airport.

At the same time, the AP government has accorded permission to the BIACL MD to submit proposals to commercial bankers to seek loans to the tune of Rs 1,500 crore to meet the cost of pre-development activities such as land acquisition, relief and rehabilitation, community activities and also provision of external utility infrastructure such as approach roads, water and power to the project site.
08/10/15 Manish M/Times of India
To Read the News in full at Source, Click the Headline