Government of India has granted 'in principle' approval to Bhogapuram International Airport Corporation Limited (BIACL) for setting up of Bhogapuram International Greenfield Airport for public use in Vizianagaram District, near Visakhapatnam in October, 2016.
The construction of airport projects depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator and the land acquisition is the subject matter of State Government.
The estimated expenditure for the construction of Bhogapuram Airport is approx. Rs. 2260 crores. The land acquisition and pre-development activities are intended to be done through HUDCO loan and State Budget by BIACL and the total cost of construction of Airport and airport operations are intended to be done by the developer.
The proposal for setting up of Greenfield Airport at Bhogapuram is approved with the condition that scheduled commercial operations at the civil enclave at the existing Vizag Naval Airfield are stopped once the operation of Greenfield airports at Bhogapuram starts, for a period of 30 years.
This information was given by Minister of State for Civil Aviation, Shri Jayant Sinha in written reply in Rajya Sabha.
Courtesy: pib.nic.in
The construction of airport projects depends upon many factors such as land acquisition, availability of mandatory clearances, financial closure, etc. by the individual operator and the land acquisition is the subject matter of State Government.
The estimated expenditure for the construction of Bhogapuram Airport is approx. Rs. 2260 crores. The land acquisition and pre-development activities are intended to be done through HUDCO loan and State Budget by BIACL and the total cost of construction of Airport and airport operations are intended to be done by the developer.
The proposal for setting up of Greenfield Airport at Bhogapuram is approved with the condition that scheduled commercial operations at the civil enclave at the existing Vizag Naval Airfield are stopped once the operation of Greenfield airports at Bhogapuram starts, for a period of 30 years.
This information was given by Minister of State for Civil Aviation, Shri Jayant Sinha in written reply in Rajya Sabha.
Courtesy: pib.nic.in
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