As per an official release, in a written reply in the Rajya Sabha, Jitendra Singh said that the project has been approved by the Union Cabinet and financial sanction has been obtained for a total budget outlay of Rs 3984.86 Crore.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the establishment of the third launch pad (TLP) at the Satish Dhawan Space Centre of the Indian Space Research Organisation (ISRO) in Sriharikota, Andhra Pradesh, a release said.
The new Third Launch Pad (TLP) will play a key role in supporting the Next Generation Launch Vehicle (NGLV), enabling the launch of heavier payloads and significantly increasing the launch capacity of the LVM3 rocket.