New Delhi, Aug. 19 -- Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Tuesday approved multiple infrastructure projects, including a new airport in Rajasthan's Kota and a six-lane road in Odisha.

The proposal of Airports Authority of India (AAI) for development of Green Field Airport at Kota-Bundi in Rajasthan was approved by the Cabinet - a major gain for the industrial capital of the state, which also sees a large influx of students every year who come to study for competitive exams.

The Kota-Bundi Airport will be constructed at a cost of Rs.1,507 crore, the government said in a press release. The investment will be funded by the AAI through internal accruals, it said.

The Rajasthan government has alr...