Nepal government has allocated budget of 15.31 billion rupees for international, regional international and domestic airports which are under construction. This amount is to be utilized for the land acquisition and compensation distribution for land owners.
The budget allocated by government is required to be approved from the board meeting of Civil Aviation Authority Nepal (CAAN). The board meeting of CAAN will be held on August 3 (today).
According to Birendra Prasad Shrestha, spokesperson of CAAN, board meeting will approve the allocated budget. Around Rs 6.83 billion budgets has been allocated for Gautam Buddha International Airport (GBIA), under construction in the aim of South Asian Tourism Infrastructure Development. Nepal government will provide Rs4.16 billion whereas remaining Rs2.67 billion from loan assistance.
Government has sanctioned Rs 6.80 billion for Pokhara Regional International Airport project. Shrestha informed that 6.30 billion rupees from loan assistance and 500 million rupees from the government of Nepal has been set for Pokhara Airport. The loan assistance from the Chinese Exim Bank will be spent in the construction of the physical infrastructure of the airport and the budget appropriated by the government will be spent on the land acquisition and compensation.
The government has allocated Rs 1.43 billion for Second International Airport (SIA) to be built in Nijgadh. The allocated budget will be used for acquiring land, cutting trees, access path for the airport.
Similarly, the government has allocated budget of Rs 250 million for an alternative airport, to construct Nagidanda Airport at Kavre to reduce air traffic congestion of Tribhuvan International Airport (TIA). The allocated amount will be used for land acquisition and compensation distribution