<p>The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved the proposal for development of Phase I of new greenfield airport at Dholera, Gujarat at an estimated cost of Rs 1,305 crore, to be completed within 48 months.</p>.<p>The CCEA was chaired by Prime Minister Narendra Modi.</p>.<p>Addressing a press conference about cabinet decision, Union Minister Anurag Thakur said, "Union cabinet approves development of phase I of new greenfield airport at Dholera. The Dholera International Airport Company Ltd will construct it and 1,501 hectares of land made available for this."</p>.<p>"Initial passenger traffic is estimated to be three lakh passengers per annum, expected to grow to 23 lakh over a period of 20 years. The annual cargo traffic is also estimated from the year 2025-26 at 20,000 tonne, which would increase to 2.73 lakh tonne over a period of 20 years," Thakur said.</p>.<p>The project is being implemented by Dholera International Airport Company Limited (DIACL), which is a Joint Venture Company comprising Airports Authority of India (AAI), Government of Gujarat (GoG) and National Industrial Corridor Development and Implementation Trust (NICDIT) holding equity in the ratio of 51:33:16.</p>.<p>Dholera Airport is to get Passenger and Cargo traffic from Dholera Special Investment Region (DSIR) and is expected to become a major cargo hub to serve the industrial region. This Airport will also cater to the nearby region and serve as a second airport to Ahmedabad.</p>.<p>The New Greenfield Airport at Dholera is situated at an aerial distance of 80 kilometres from Ahmedabad Airport. The Airport is planned for operationalisation from the year 2025-26.</p>
<p>The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved the proposal for development of Phase I of new greenfield airport at Dholera, Gujarat at an estimated cost of Rs 1,305 crore, to be completed within 48 months.</p>.<p>The CCEA was chaired by Prime Minister Narendra Modi.</p>.<p>Addressing a press conference about cabinet decision, Union Minister Anurag Thakur said, "Union cabinet approves development of phase I of new greenfield airport at Dholera. The Dholera International Airport Company Ltd will construct it and 1,501 hectares of land made available for this."</p>.<p>"Initial passenger traffic is estimated to be three lakh passengers per annum, expected to grow to 23 lakh over a period of 20 years. The annual cargo traffic is also estimated from the year 2025-26 at 20,000 tonne, which would increase to 2.73 lakh tonne over a period of 20 years," Thakur said.</p>.<p>The project is being implemented by Dholera International Airport Company Limited (DIACL), which is a Joint Venture Company comprising Airports Authority of India (AAI), Government of Gujarat (GoG) and National Industrial Corridor Development and Implementation Trust (NICDIT) holding equity in the ratio of 51:33:16.</p>.<p>Dholera Airport is to get Passenger and Cargo traffic from Dholera Special Investment Region (DSIR) and is expected to become a major cargo hub to serve the industrial region. This Airport will also cater to the nearby region and serve as a second airport to Ahmedabad.</p>.<p>The New Greenfield Airport at Dholera is situated at an aerial distance of 80 kilometres from Ahmedabad Airport. The Airport is planned for operationalisation from the year 2025-26.</p>