On 20 June 2008, Chief Minister of Karnataka, Mr B S Yeddyurappa laid the foundation stone for the Shimoga airport at Sogane village.

The airport to be constructed by consortium of Hyderabad based Maytas Infra and NCC Infrastructure Holdings, will entail an investment of Rs.110 crore. A separate special purpose company has also been set up for the execution of the project where the consortium partners Maytas Infra, NCC and VIE will have a shareholding pattern of 37 per cent, 37 per cent and 26 per cent respectively.

In the first phase of the project, the airport will provide facilities for ATR-72 type aircrafts with a runway length of 1,500 m. The second phase will provide facilities for A-320 type aircrafts with a runway length of 3,100 m. 

The construction period of the project is 24 months from the date of signing the agreement, with a concession period of 30 years extendable by an additional 30 years term.

Also See:

Foundation stone soon for Shimoga airport (17-Jun-08)