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Monday, 29 July, 2019, 15 : 00 PM [IST]

Nod for Adani Group to build airport at Mundra, Gujarat

The Adani Group plans to convert its private airstrip at Mundra port complex into a full-fledged commercial airport at  an investment of INR 1,400 crore, reports P Manoj in The Hindu BusinessLine.

The expert appraisal committee (EAC) attached to the Ministry of Environment, Forest and Climate Change has recommended the project, which includes a dedicated aerospace manufacturing facility, for environmental clearance, according to a document reviewed by BusinessLine.

The existing private airstrip at Mundra, constructed in over 45 hectares of land, will be converted into a commercial airport spread over 522 hectares, with the capability to serve  Boeing 747-400 aircraft. It will be commissioned by 2022.

The airport will be run by Mundra International Airport Pvt Ltd, a wholly-owned unit of Adani Ports and Special Economic Zone Ltd (APSEZ), which runs India’s biggest private port at Mundra in Gujarat’s Kutch district.

The Ahmedabad-based infrastructure conglomerate, led by Gautam Adani, ventured into the airport business earlier this year by emerging the highest bidder for running the Airports Authority of India-operated airports at Ahmedabad, Lucknow, Jaipur, Mangaluru, Guwahati, and Thiruvananthapuram on a long-term lease of 50 years.  (Source: The Hindu BusinessLine)

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