Coimbatore: The Tamilnadu government has sanctioned Rs 75 crore as compensation to those whose lands were acquired for expansion of the city airport, in the first phase, Municipal Administration Minister S P Velumani said Sunday.
Addressing a roadshow of Global Investors Meet scheduled to be held in 2019, he said Rs 1,500 crore has to be disbursed as compensation for acquisition of about 650 acres of land.
In the first phase, the government has released Rs 75 crore, which will be given to the land owners in another 10 days, he said.
He also said that he has taken up with the Centre the issue of extension of the Mumbai-Bengaluru industrial corridor till Coimbatore, which would act as a force multiplier.