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TATA Steel and TRIL inks JV for Jamshedpur airport
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Wednesday, 29 Jun 2011
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TATA Steel and TATA Realty and Infrastructure are entering into a joint venture to set up a Greenfield airport at Jamshedpur.

According to a report by Jharna Mazumdar and Yassir A Pitalwalla in Financial Chronicle, the new airport will have the capacity to allow commercial airliners such as the Airbus A320 to land and take off, which will pave the way for airlines to connect Jamshedpur with the rest of the country.

A top TATA group official familiar with the discussions said that “TATA Steel is in the process of acquiring 600 acres of land in the outskirts of Jamshedpur to set up the new airport which will replace the small air strip presently being operated by TATA Steel. We are in discussions about the exact split of equity stake between TRIL and TATA Steel for this project.”

In 2007, TATA Steel had said it had located land at Adityapur in adjoining Saraikela Kharswan district for an airport which was to have a 7,000 feet long runway. However, the company had not been able to make much progress in the ensuing four years.

By roping in TRIL, the infrastructure development vehicle of the TATA group, which has a tie-up with Singapore’s Changi Airports International for non metro airports, TATAs now hope to give the project the required momentum to move ahead.

At present, the aerodrome in Sonari, which is spread over 25 acres, does not have the ability to accommodate aircraft larger than 60 seater turboprops. As a result, no scheduled commercial airline can operate flights to Jamshedpur since the airstrip first opened in 1940.

(Sourced from www.travelbizmonitor.com)

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