Latest developments and policy initiatives in Civil Aviation in India

18. EXPANSION/MODERNISATION OF CHENNAI AIRPORT:

Committee on Infrastructure, in its 14th meeting held on 18.04.2007 decided that the Chennai Airport would be developed by Airports Authority of India (AAI) from its own resources. An Inter-Ministerial Group (IMG) under the Chairmanship of Secretary was constituted to finalise the Action Plan for development of Chennai

airport. AAI has prepared a detailed Action Plan for development of airport at a cost of Rs. 2062 crores.

The salient feature of Action Plan as under:

* The project envisages expansion of domestic terminal building by 72700 sq.m. to cater additional 10 million passengers p.a. The international terminal building is to be expanded by another 64300 sq.m. to cater to additional 4 million passengers p.a. Total passenger handling capacity will, therefore, become 23 million passengers p.a. (16 mppa domestic + 7 mppa international).

* Expansion of secondary runway so that airport is able to handle 50 aircraft movements per hour. This capacity is expected to be sufficient to cater to air side requirements up to 2015-16.

* The cost of development of terminal building and city side activities, including a multi level car park, is estimated to be Rs.1527 crores out of which Rs.638 crores would be on new domestic terminal building, Rs.532 crores on extension of international terminal, Rs.141 crores on facelift/modification of existing terminals and Rs.206.77 crores on multi level car park including commercial development. The apron work consisting of expansion of secondary runway, construction of taxiway and additional bays would cost Rs.535 crores. The project is estimated to be financially viable with an IRR (pre tax) of 12.3% and ERR (pre tax) of 12.6%, on completion of project basis.

* Remodeling of the existing domestic and international terminal buildings to accommodate further 13 million domestic passengers and 3 million international passengers, in the second phase.

* Completion of terminal and city side work by June 2010 and air side by February 2010.

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