Will new airport plan affect the Real Estate in Sriperumbudur?
Tamil Nadu Chief Minister had announced the setting up of a new Greenfield Airport at Sriperumbudur and Tiruvallur taluks, apart from the expansion of the existing airport at Meenambakkam.
The greenfield airport was expected to come up on app. 4,820 acres (19.5 km²).
Initially the work for the greenfield airports was be entrusted to the Airports Authority of India (AAI) but later a public-private partnership was also considered. The Prime Minister’s Committee had also asked for a pre-feasibility report for the airport.
The green field airport would have four runways. Eyeing Chennai airport, leading global airport developers are forging alliances with Indian players for bidding for the project. The players interested in the project include Changi Airports, Macquarie, GMR Group, GVK Group and Tata Group.
Union Civil Aviation Minister Praful Patel had clarified that “there is no role for the AAI in developing the greenfield airport near Chennai”.
-Picked up from different sources.