Speaking here after signing an MoU with a banks consortium for availing loans for the airport, he said the commercial operation of the airport was expected to start by May 2016.
The work on the airport was progressing fast, he said, adding, 55 per cent of the runway work and terminal work around 35 per cent had been completed.
Of the total cost of Rs 1,892 crore, a sum of Rs 892 crore was mobilised thrugh bank loans while the rest through shares, he said.
Various state and central government institutions also have stake in the airport project, he said.
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