International airport: Haryana govt releases its share of grant

The JVC,with an initial subscribed capital of Rs 10 crore,will comprise the AAI,which has a 51 per cent stake in the project,and the Punjab and Haryana governments with a stake of 24.5 per cent each. The land acquisition process for the airport is complete — nearly 306 acres have been acquired for the airport complex.

The name of T C Gupta,Chief Administrator of the Haryana Urban Development Authority (HUDA),has been nominated as one of the directors of the JVC. “In the letter,we have proposed that there should be two directors from the AAI and one each from Punjab and Haryana. The other option is to have four directors from AAI and two each from Punjab and Haryana,” said Gupta.

Punjab ready too…
The Punjab government is also in the final stages of releasing the money and is expected to send a final communication on the issue to the AAI in a day or two.

Chief Administrator of the Greater Mohali Area Development Authority (GMADA),Vivek Pratap Singh said: “The AAI had proposed that the board of directors should consist of three members from AAI and one each from Punjab and Haryana. But we propose that the board have two members each from Punjab and Haryana along with the three from AAI. Of the two from Punjab,we will propose that one director be from GMADA while the other can be a secretary in the State Civil Aviation department.”