Once shareholders agreement is signed,the joint venture company will be able to open bank account and operate
Even as Punjab and Haryana continue to slug it out over the construction of a direct approach road to the upcoming international airport in Mohali from the Haryana side,the three stakeholders in the project the Airports Authority of India,and both the state governments will soon be signing a share holders agreement (SHA).
Sources said at the February meeting of the board of directors of Chandigarh International Airport,whose minutes were passed in the last meeting on March 28,chairman of Joint Venture Company (Chandigarh International Airport Limited) S Raheja said HUDA had written to AAI suggesting certain amendments to the draft of SHA which was sent to GMADA and HUDA in January this year. He said the board had suggested some amendments which had been considered for incorporation in SHA,except two points which could not be incorporated.
Joint Venture to follow up road issue,do survey of road under runway and,if possible,get clearances from the Ministry of Defence this was objected to by other officers on the grounds that the Joint Ventures role pertains to airport construction and not to related infrastructure to be created outside, said an officer.
According to the minutes of the meeting,the AAI had communicated its views to HUDA in this matter,and Punjab had said that since GAMADA had already conveyed their approval for the draft SHA,any further amendments suggested by HUDA should be got approved from GAMADA.
An officer said,The Punjab government conveyed that from their side the approval to SHA was given. The officers from the Haryana government in the last meeting confirmed that Chief Minister Bhupinder Singh Hooda had cleared the file and soon the state government would sign the SHA.
Rajan Gupta,Financial Commissioner Transport and Civil Aviation (Haryana),said,The share holders agreement and the issue of road from Haryana side are two different matters. The SHA will be signed soon as it is a technical thing but as far as road to airport from Haryana side is concerned,we are clear that the road has to be built. We are looking at options.
Once the SHA is signed then the Joint Venture Company (CHIAL) will be able to open a bank account and operate.
As per the minutes of meeting,the Haryana government has raised the issue of having a direct approach road from NH 21 to the proposed international airport through the main runway. It was said the construction of the approach road would be undertaken by the local authorities and state government as per terms of MoU,and this matter need not be brought up in the meeting of the board as it was a matter between both state governments and should be settled between them as Joint Venture Company had no role in it and it could not be included in the scope of work of the airport and AAI would not fund such approach roads.
The Haryana government requested that a feasibility study might be conducted by CHAIL on its behalf for an underpass tunnel below the main runway. The state government was told it would cost about Rs 20 lakh plus service tax and the money be deposited with AAI by the government,but a reply from the state government was awaited,said sources.