New Delhi, Aug. 19 -- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today approved the proposal of the Airports Authority of India (AAI) for the development of the Green Field Airport at Kota-Bundi (Rajasthan) at an estimated cost of Rs 1507.00 Crore.

Kota, situated on the banks of the Chambal River, is recognised as the industrial capital of Rajasthan. In addition, Kota is renowned as the Educational Coaching Hub of India.

According to an official release, the Government of Rajasthan has transferred 440.06 hectares of land to AAI for the development of a Greenfield Airport, suitable for the operation of A-321 type aircraft.

The project includes construction of a Terminal Building spanning an area ...