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English Release 20-December 2014
Date Month Year
  • Prime Minister's Office
  • Prime Minister Congratulates Indian men and women Kabaddi teams for winning Kabaddi World Cups
  • PM attends meeting of Somnath Trust
  • Min of Home Affairs
  • H.P. Chaudhary advises SSB to face challenges with commitment and confidence
  • Min of Information & Broadcasting
  • Shri Arun Jaitley inaugurates Multimedia Exhibition on Former Prime Minister Shri Atal Bihari Vajpayee
  • Min of Parliamentary Affairs
  • Winter Session of Parliament enters final lap; Rajya Sabha still to decide on crucial Bills Lok Sabha’s productivity rises to 105% while that of Rajya Sabha declines to 68% Lok Sabha so far clears a record 17 Bills and Rajya Sabha only 11 Introduction of GST Bill in Lok Sabha, passing of labour reform Bills mark the high points of session
  • Min of Personnel, Public Grievances & Pensions
  • ACC Appointments
  • Min of Road Transport & Highways
  • Nitin Gadkari calls upon the Industry to invest in development of Inland Waterways
  • Min of Urban Development
  • National Level City Stakeholder Consultation held to finalize guidelines for HRIDAY Scheme; Shri Venkaiah Naidu emphasizes that the future development of any city must take into consideration its nature, history, and culture
  • LED based energy efficient smartstreet lights launched in Delhi by the Union Urban Development Minister Shri M.Venkaiah Naidu; Says that the Government is committed to work for development and betterment of the masses

Previous Date

 
Cabinet Committee on Economic Affairs (CCEA)22-November, 2012 20:22 IST
Development of Integrated Passenger Terminal Building and associated works at Netaji Subhash Chandra Bose International Airport, Kolkata

The Cabinet Committee on Economic Affairs today approved the revised cost estimate of Rs.2325 crore for the modernization and expansion of Netaji Subhash Chandra Bose International Airport, Kolkata (NSCBI) including construction of an integrated terminal building. Earlier, the CCEA considered the proposal of the Ministry of Civil Aviation in July 2008 and approved it for an amount of Rs.1942.51 crore. Thereafter, based on award of certain packages of work, by competitive bidding and review of scope of certain works, the project cost increased to Rs.2325 crore.

The airport is likely to be inaugurated on 23rd January, 2012 on the birthday of Netaji Subhash Chandra Bose.

The revised estimated cost of the work is Rs.2325 crore and the same will be met through internal resources and borrowings. Term loan assistance of Rs.986 crore i.e. about 42% of project cost has been considered at 10% interest rate per annum with nine years repayment period including moratorium period of two years. The ratio between internal resources and borrowings has been revised at 58:42 to fund the project.

Work on the Integrated Passenger Terminal Building was completed in August, 2012 except Zone-I of the building, which forms the extreme and of the domestic portion of the integrated terminal. The zone-I is expected to be completed by December, 2012.

The number of passengers (embarking and disembarking) utilizing the terminal facilities over the project period is based upon the traffic projections. The total international passenger traffic handled grew @3% upto the year 2008-09, 8% upto the year 2012-13 and 10% thereafter. Similarly, domestic passenger traffic handled grew @(-) 3% in the year 2008-09, 12% in the year 2009-10, 15% in the year 2010-11, 18% in the year 2011-12 and 2012-13 and 15% thereafter.

The planned annual handling capacity of 4 million passengers on international side of the integrated terminal is expected to get saturated in the year 2023-24. Similarly the domestic side having annual handling capacity of 16 million is expected to get saturated in the year 2015-16.

***


SH/SK
(Release ID :89269)

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