India, Aug. 19 -- The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today has approved the proposal of Airports Authority of India (AAI) for development of 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.The Government of Rajasthan has transferred 440.06 hectares of land to AAI for development of a Greenfield Airport, suitable for operation of A-321 type aircraft. The project includes construction of a Terminal Building spanning an area of 20,000 sqm capable of handling 1000 Peak Hour Passe...