Bengal Aerotropolis Projects Ltd’s. (BAPL) first private airport in Bardhaman district in West Bengal is likely to be operational by end of 2011. According to a report in Projects Today, the project, which is a part of the USD 2.5 billion (approximately Rs 12,500 crore) Durgapur Aerotropolis, has got an approval from the West Bengal government and has also overcome the objections raised by Coal India Ltd. (CIL). Besides the airport, the project also includes an industrial park, logistics hub, IT Park and a township. BAPL is the promoter of the Aerotropolis in association with Singapore’s Changi International Airport. An agreement was signed in February this year for technical services and as operator of the proposed airport.
BAPL is likely to complete the acquisition of 2,362.84 acre for phase I by June 2009. The state government will be completing the land notification shortly. The phase I of the project involves an investment outlay of Rs 2,200 crore. The company has achieved financial closure for Rs 600 crore comprising part of phase I – the airport and land acquisition cost.