A special purpose vehicle (SPV) has been formed for the development of the proposed greenfield airport
Category: Aviation & Airports
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UPA´s low-cost airport project on hold
The National Democratic Alliance (NDA) Government has decided to put on hold the previous once ambitious plan of developing low-cost airports in non-metro cities.
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Kolhapur airport gains speed
The Airport Authority of India (AAI), which has planned to spend Rs 100 crore in the first phase of Kolhapur airport.
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Coimbatore Airport to get infra boost
The Coimbatore International Airport is all set to get infrastructure and passenger amenities worth more than Rs 14.5 crore this year. This includes two new aerobridges, two more aprons for parking aircrafts and a lift at the departure area.
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All permissions in place for Navi Mumbai airport
All Central Government permissions for the Navi Mumbai International Airport have been granted, Chief Secretary Swadhin Kshatriya said. Seven permissions, from the environment and civil aviation ministries were received last month, a day before Prime Minister Narendra Modi´s countrywide video-conference with chief secretaries.
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Private players to spend Rs.1,839 cr on four airports
Successful bidders for developing Chennai, Kolkata and two other domestic airports, through public private partnerships, should spend at least Rs 1,839 crore towards mandatory capital works at these locations
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Delay in airports´ modernization
The modernization of Chennai, Kolkata and two other airports is set to get delayed with the last date for private parties interested in participating in the bidding process being extended by more than two months.
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Durgapur airport to be operational by next month
Country´s first private greenfield airport at Durgapur, promoted by Bengal Aerotropolis Projects Ltd (BAPL), is likely to be operational by April 14. ´
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Gannavaram Airport to get new terminal
The much-awaited expansion of Gannavaram airport, which is proposed to be developed with international standards, will become a reality soon with Civil Aviation Minister P Ashok Gajapathi Raju directing the officials to complete works pertaining to development of a new terminal and lounges by April 30.
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GMR Infra to raise Rs.4,000 cr
GMR Infrastructure plans to raise Rs 4,000 crore by FY16 through divestment of assets and share sale to reduce debt and ease cash flow. The loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise funds.