Centre Approves New Terminal Building At Guwahati Worth Rs 1383 Crores

New Delhi: With an aim to improve the communication and infrastructure facilities in North East, the central government has approved a new terminal building at Guwahati worth Rs. 1383 crores. The new airport will have the capacity to accommodate of 9 million passengers per year.

Terming Guwahati “the gateways to North East India and South East Asia”, Civil Aviation Minister Suresh Prabhu said that the new building will be major thrust to the ‘Act East’ policy and to tourism in NE India.

“The new terminal building at Guwahati, our gateway to NE India and SE Asia will have a capacity of 9 million passengers per annum and be built at a cost of Rs 1383 cr. It will give a major thrust to our ‘Act East’ policy and to tourism in NE India. “

The cabinet also approved two other new terminal buildings at Chennai and Lucknow airports at a total cost of more than Rs 5,000 crores.

Of the total amount, about 60% will be raised from the debt market and the rest will be from our funds. We will be following the same principle for the next five years too, and raise about 60% of the Rs 21,000 crore to be invested by us,” AAI Chairman GP Mohapatra said.

Speaking to reporters, aviation minister Jayant Sinha said airport sector in India is set to see Rs 1 lakh crore of investments in the next five years to upgrade existing infrastructure NSE -0.75 % and build new facilities by AAI and private companies, “To ensure an infrastructure that will facilitate a billion trips, there is going to be an investment of Rs 5-6 lakh crore (over 15 years). In the next five years, we will see an investment of about Rs 1 lakh crore in the airport sector,” Sinha told reporters.

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