THE Punjab cabinet on Wednesday formally approved the setting up of an international airport at Mohali. A spokesman of the Punjab government said the cabinet, which met under the chairmanship of Punjab chief minister Parkash Singh Badal, also approved the memorandum of understanding (MoU) to be signed between the Airports Authority of India (AAI) and Greater Mohali Area Development Authority (GMADA) on January 4. The Cabinet also gave its approval to the housing & urban development department to arrange funds for the acquisition of 300 acres and any other allied expenditure beyond the scope of the cost of the land acquisition through its agencies