The Economic Times: August, 2013
Chandigarh: To expedite the proposed cargo airport in Haryana, the state government will take up Public Private Partnership (PPP) mode for the greenfield project at Meham in Rohtak. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will be the equity partner for bearing the cost of land acquisition for the project.
In wake of adverse investment scenario, the capital infusion (in form of buying 4,000 acres land for the project) by the HSIIDC will catalyze private investment and not let delay due to lack of funds from the AAI. The wait for seed investment from the AAI that relies on budgetary allocation for mega investments could cause inordinate delay, sources in the HSIIDC said.
Haryana, a state with no commercial airport, plans to set up a cargo airport on 4,000 acres instead of 2,770 acres mooted earlier by the HSIIDC in its application to the Airport Authority of India (AAI). The expansion of the project will enable landing of large cargo airplanes like Boeing 747-400F and McDonnell Douglas 11-F airplanes at the proposed airport, the sources maintained.
The expansion plans has pushed the project on the conjunction of three districts namely Rohtak, Hisar and Bhiwani, adjoin the site proposed earlier. As per the HSIIDC officials, the AAI executives during their visit to site few months ago had sought realignment of the airstrip with the international airport at Delhi.
Meanwhile, GMR Group will have first right of refusal to participate in the project as it runs Indira Gandhi International Airport located nearest to the proposed cargo airport. GMR Group will have first right to participate in the project under the concession agreement executed with the Delhi International Airport Limited (DIAL), source in the HSIIDC said.
Earlier, Reliance Industries Limited had shown interest in setting up a cargo project in Haryana but later dropped the plans due to adverse investment scenario.