FinMin to look into Chennai,Kolkata airports’ cost overrunhttps://indianexpress.com/article/news-archive/web/finmin-to-look-into-chennai-kolkata-airports-cost-overrun/

FinMin to look into Chennai,Kolkata airports’ cost overrun

Public Investment Board to study cost overrun estimates submitted by the AAI

Having hit cost overruns,the Airports Authority of India’s (AAI) ambitious plan of modernising the metro airports of Chennai and Kolkata has now reached the finance ministry’s table. The Public Investment Board (PIB) is slated to study the cost overrun estimates submitted by the AAI soon,said a senior AAI official.

The modernisation works at Chennai and Kolkata,originally estimated to cost Rs 1,805 crore and Rs 1,942 crore have shot up as per the latest estimates of AAI. “The revised Chennai airport project cost is estimated to be around Rs 2,015 crore. We have already submitted the estimates to the civil aviation ministry which has given its approval. Now,we are waiting for PIB nod for both the projects’ overruns,” said the official. The authority is confident that work at these airports would be complete in 2011. “While Chennai airport will be ready in the first half of 2011,Kolkata airport may take a little longer than the stipulated deadline of August 2011,” said the official. AAI has already asked the ministry to expedite the approval of the revised estimates.

At the Kolkata airport,AAI had listed three major modenisation works — first,construction of an 1.8 lakh sq m Integrated Passenger Terminal and; second,a rapid exit taxiway from the main runway to the secondary runway and extension of second runway; third aircraft parking bays. “The terminal work is in progress at the site and 43 per cent progress has been achieved as on 30 th August 2010. Similarly,works for extension of the secondary runway and related taxi tracks and apron are 98 per cent complete,” said another AAI official. The AAI had awarded these works to ITD-ITD Cem consortium and MVR-VIL consortium.

At the Chennai airport,the modernisation work at the terminal building is almost 55 per cent complete,claim AAI officials.

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“Due to delay in grant of working permission over a piece of Defence land,the project has been delayed and the revised projected date of completion is April 2011,” said the official.

The improvement works at runway and taxi tracks have gathered pace and are 96 per cent complete,said the official. These works were awarded to BSC-KGLC consortium in October 2008. “Due to delay in handing over of land by the Tamil Nadu government,the completion date has been pushed to December 2010,” said the AAI official.