Land being acquired for Hyderabad airport
With the Andhra Pradesh government reaching an understanding with the local farmers over payment of compensation, the Shamshabad International Airport has crossed a major hurdle in project execution. The state government has already acquired 100 acres of land and another 900 acres is likely to be acquired shortly. Total cost of acquisition is estimated at Rs 35 crore. The first phase of the project is expected to be completed by the year 2007. The project is being implemented by a joint venture between the Centre and state government and a consortium of companies led by the Bangalore-based GMR Vasavi Infrastructure Ltd and Malaysian Airports Holdings Berhad.