AAI to invest Rs 1,232 crore for new terminal building at Guwahati
The Airports Authority of India will invest Rs 1,232 crore to construct a new integrated international terminal here, Civil Aviation Minister P Ashok Gajapathy Raju said today.
The new terminal building is expected to be complete by 2021.
The foundation stone for the building was jointly laid today by Raju and Assam Chief Minister Sarbananda Sonowal.
The new terminal will boost air connectivity to a great extent, Raju said.
"We have become the fastest growing aviation sector in the world and third in domestic traffic. Our aviation team works hard at all levels. Within three-and-half years, 18 airports have already started functioning under the present government," he added.
Raju said the total investment will be Rs 1,232 crore.
The proposed new integrated terminal building will be spread across 90,000 square metres with world-class facilities and have the capacity to handle 3,100 passengers during peak hour.
The interiors of the building will depict local handicraft, murals and popular tourist destinations of Assam.
The new terminal will have 64 check-in counters, 20 self check-in kiosks, eight immigration counters, eight customs counters, six arrival carousels, 10 escalators, one travellator, 25 elevators, 16 self-baggage drop counters and 20 aircraft parking bays, among others.
Sonowal said improvement in air connectivity would receive a major impetus and it would lead to emergence of Guwahati as the gateway to South East Asia.
"Transportation and connectivity are the two most important means for economic prosperity. We have 800 million people in and around us in South East Asia. This is a great market," Sonowal added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
08:33 AM IST