The Himachal Pradesh cabinet approved the incorporation of a joint venture (JV) company, Mandi International Airport Limited, for the implementation of the Mandi International Airport project, on September 28, 2022. The project involves the setting up of an international airport at Mandi, nearly 153 km from Shimla. It will be developed by a special purpose vehicle (SPV) formed by the Airports Authority of India (AAI) (51 per cent) and the state government (49 per cent). The project cost is Rs 9 billion, excluding land cost.
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