IRB Infrastructure Developers announced that its wholly-owned subsidiary, IRB Sindhudurg Airport has now obtained Aerodrome license from the  DGCA (Director General of Civil Aviation).

It was on September 7 that Union minister Narayan Rane said the Chipi airport in Sindhudurg district of Maharashtra would be inaugurated by Aviation Minister Jyotiraditya Scindia on October 9.

“Come up at an investment of Rs 800 crore the first green airport at Chipi in Sindhudurg district, the state is optimistic to bring economic boom for the region with lots of employment and self-entrepreneurship opportunities for local people, the developer IRB Sindhudurg Airport Pvt Ltd” said in a release.

Maharashtra Industrial Development Corp had awarded to IRB, the project of development of Sindhudurg Airport in Maharashtra on BOT basis in 2009. The concession period is 95 years commencing from February 2013. IRB Sindhudurg Airport Pvt Ltd is a special purpose vehicle of IRB Infrastructure Developer that was formed and mandated with the task of project development and operations.

The Company has developed the Airport project with capital outlay of Rs. 800 crore. Apart from earning revenue from the operations of Airport, the Company has the right to utilize commercially exploit the additional land parcels forming part of the Project. With receipt of the license from DGCA, the Company would commence commercial operations in due course.

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