The feasibility report of the International Civil Aviation Organization (ICAO), which has suggested that a second airport for the city could come up on at Sriperumbudur, was submitted to the state government. The four-runway second airport is proposed to be built on 4,823 acres near Sriperumbudur, southwest of Chennai, at an estimated cost of 35,000 million in the first phase and Second phase has not been disclosed. To be built in two phases, the anticipated expenditure for phase I of the project is 40,000 million with an 87,000 sq m terminal along with a parking space for 750 vehicles. The second phase involves 1,50,000 sq m of terminal and enhancing parking space to accommodate 1,500 vehicles at an investment of 14,750 million. The greenfield airport will be able to handle 40 million passengers per annum.