Bellary, one of Karnataka’s most backward areas, is growing fast. It has now emerged as the second fastest-growing city in the state, thanks to rich reserves of iron ore. Bellary will soon have an airport too, to be built by MARG Ltd. The foundation will be laid on August 20th for the same.
According to MARG chairman and managing director G.R.K Reddy, the runway length will be suitable for landing ATR turbo-prop aircrafts, which will late be extended to jets. MARG has signed an agreement with the Infrastructure Development Department of Karnataka, to build, operate and maintain the airport for 30 years, after which it will be transferred to the government.
A special purpose vehicle in the name of MARG Sri Krishnadevaraya Airport Ltd has been setup to execute this project. MARG hopes to complete the building process in 24 months.
The airport will be able to park 6-8 aircrafts (initially) and the terminal building will cater to about 100 passengers. MARG will also build other amenities and associated infrastructure, like business parks, shopping malls, entertainment zones, convention centres and an aviation academy around the airport area.
With this project, MARG once again proves itself to be one of the leading infrastructure development firms in the country.