Chandigarh International Airport

For setting up the Chandigarh international airport, a memorandum of understanding (MoU) was signed between Haryana, Punjab and the Airport Authority of India (AAI) on April 4. The two states together hold 49% stake, while AAI has 51% stake in the project. Punjab has already acquired land in Mohali for Rs 460.82 crore and Haryana has paid Rs 230 crore to its neighbour as its share. PricewaterhouseCooper has been appointed a consultant for the project equity, a joint venture company between the three partners—Punjab, Haryana and AAI—will be formed shortly to carry out the construction work.