The ambitious Rs. 939-crore project, which is being seen as a “harbinger” of regional development, will be operated and maintained by Chandigarh International Airport Limited.
Prime Minister Narendra Modi on Friday inaugurated a new terminal at Chandigarh airport, which will handle both domestic as well as international flights.
Mr. Modi dedicated to the nation the modern facility, which is expected to boost the economic and industrial development in Punjab, Haryana and Himachal Pradesh.
The ambitious Rs. 939-crore project, which is being seen as a “harbinger” of regional development for the northern part of the country, will be operated and maintained by Chandigarh International Airport Ltd (CHIAL), a joint venture between Airports Authority of India (AAI) and the governments of Punjab and Haryana.
AAI has 51 per cent stake in the project while Punjab and Haryana have 24.5 per cent equity each.
Governor of Punjab and Haryana and Administrator of the Union Territory of Chandigarh, Kaptan Singh Solanki, Union Minister for Civil Aviation, P. Ashok Gajapathi Raju, Punjab Chief Minister Parkash Singh Badal and his Haryana counterpart Manohar Lal Khattar were among those present on the occasion.