Officials said that the detailed project report and techno-economic feasibility report for the project has been prepared by Price Waterhouse Coopers.
As per the report, 1,441 hectare land in eight villages has to be acquired for the airport. If all the land required for it is purchased or acquired within a year, the airport can be made operational by 2022, the report says.
The government will follow the PPP mode for its development and work will take place in four phases with approximately Rs 15,754 crore to be spent on it.
The airport will have two runways with a capacity to handle 70 million passengers annually. The cargo airport will be developed to handle 3 million metric tonnes per year.
“The meeting in Delhi was attended by principal secretary (civil aviation) SP Goyal and other senior members of the government. Work on the project had started in April 2017 and it is because of the coordination between the centre and the state that within one year it has been accorded an in-principal approval. On July 6, 2017, the steering committee had given it site clearance. The Yamina Expressway Industrial Development Authority has been appointed the nodal agency for this project,” said a senior government official.