The new terminal of Chennai airport, coming up under the Phase II modernization programme, would be able to handle the increase in arrivals and departures, G Chandramouli said. Image Source: Reuters
A new terminal with parking bays for aircraft and a multi-level car parking facility would be set up at a cost of Rs 2,500 crore under phase II of the Chennai airport modernisation programme, an AAI official said Friday. "We are going to develop a new terminal at a cost of Rs 2,500 crore and it will be ready in 42-45 months. That is our anticipation", Airport Director, Airports Authority of India (Chennai), G Chandramouli, told reporters.
He said passenger traffic has witnessed a 20 per cent growth in the last three months and if this trend continued, the existing terminal would not be able to handle it. The new terminal, coming up under the Phase II modernisation programme, would be able to handle the increase in arrivals and departures, he said.
Asked how funding for the modernisation programme would be done, AAI, Member (Finance) S Suresh said 60 per cent would be from borrowings and 40 per cent through internal resources. "With regard to the borrowings, AAI will study the market before deciding whether to go for project loans or for an issue through domestic bonds," he said.
Suresh pointed out that the union government had last week approved Rs 9,430 crore to be taken as loan in the next five years, for modernisation of airports. "For this fiscal, they have sanctioned Rs 1,500 crore", he said.
Watch This Zee Business Video Here:
To another query, Chandramouli said, demolition of the existing domestic terminal has been completed to an extent. "Larsen and Toubro have started excavation work. Site preparation has started. Getting approval from the State Pollution Control Board is in final stages", he said.
By continuing to browse or use our sites, you agree that we can store and access cookies and other tracking technologies as described in this policy.
A cookie is a small text file that can be stored on and accessed from your device when you visit one of our sites, to the extent you agree. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. This allows our sites to recognize your device from those of other users on our sites. The information provided below about cookies also applies to these other tracking technologies.
These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time (e.g., cookies placed by zeenews.india.com)
Some features used on this website may involve a cookie being sent to your computer by a third party. For example, if you view or listen to any embedded audio or video content you may be sent cookies from the site where the embedded content is hosted. Likewise, if you share any content on this website through social networks (for example by clicking a Facebook “like” button or a “Tweet” button) you may be sent cookies from these websites. We do not control the setting of these cookies so please check the websites of these third parties for more information about their cookies and how to manage them.
Session cookies are temporary and deleted from your machine when your web browser closes. We use session cookies to help us track internet usage as described above.
The data collected by the sites and/or through Cookies that may be placed on your computer will not be kept for longer than is necessary to fulfil the purposes mentioned above. In any event, such information will be kept in our database until we get explicit consent from you to remove all the stored cookies.
These cookie are essential to our site in order to enable you to move around it and to use its features. Without these essential cookies we may not be able to provide certain services or features and our site will not perform as smoothly for you as we would like. These cookies, for example, let us recognize that you have created an account and have logged in/out to access site content. They also include Cookies that enable us to remember your previous actions within the same browsing session and secure our sites.
These cookies are used by us or by our third-party service providers to analyse how the sites are used and how they are performing. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. If you subscribe to a newsletter or otherwise register with the Sites, these cookies may be correlated to you.
These cookies let us operate the sites in accordance with the choices you make. These cookies permit us to "remember you” in-between visits. For instance, we will recognize your user name and remember how you customized the sites and services, for example by adjusting text size, fonts, languages and other parts of web pages that are alterable, and provide you with the same customizations during future visits.
If you do not want cookies to be dropped on your device, you can adjust the setting of your Internet browser to reject the setting of all or some cookies and to alert you when a cookie is placed on your device. For further information about how to do so, please refer to your browser ‘help’ / ‘tool’ or ‘edit’ section for cookie settings w.r.t your browser that may be Google Chrome, Safari, Mozilla Firefox etc.
Please note that if your browser setting is already setup to block all cookies (including strictly necessary Cookies) you may not be able to access or use all or parts or functionalities of our sites.
If you want to remove previously-stored cookies, you can manually delete the cookies at any time from your browser settings. However, this will not prevent the sites from placing further cookies on your device unless and until you adjust your Internet browser setting as described above.
For more information on the development of user-profiles and the use of targeting/advertising Cookies, please see www.youronlinechoices.eu if you are located in Europe or www.aboutads.info/choices if in the United States.