In 2008, the Government of Punjab acquired 304.04 acres of land on the south side of the existing runway in Jhiurheri village at a cost of to build the new terminal, which was completed in 2015 at a cost of . The Government of Punjab through GMADA and the Government of Haryana through HUDA each have a 24.5% stake and the Airports Authority of India holds the rest, a 51% stake in CHIAL the operator of the airport.
