Gujarat govt forms Dholera International Airport Company

Gujarat cabinet today took important decision of formation of a special purpose vehicle(SPV) for development of Dholera International Airport. The new SPV has been named as Dholera International Airport Company Limited(DIACL).

According to state government spokerperson ministers Jaynarayan Vyas and Saurabh Patel, the works for special investment region(SIR) are in progress in Dholera under the Dholera Regional Development Authority. This would attract global players and industrialists here and eventually they would need a state-of-the-art airport in this area. Thus the government has taken a decision to develop greenfield international airport in Dholera.

The ministers said that while Defense ministry has already given no objection certificate, the Civil Aviation department has also given site clearance to proposed new airport.

The state cabinet today also approved the names of board of directors and modalities of capital structure of new special purpose vehicle as per the company laws.

The ministers said that proposed airport would be developed in public private partnership(PPP) mode. The special purpose vehicle will carry out all needed tasks like approvals, master plan, infrastructural facilities, global tender, and land acquisition.

The ministers also said that initially the state government will own the airport completely, but there is a provision that eventually the Airport Authority of India, DMC Development company and other companies would become equity share holder.