The Airport Authority of India (AAI) has decided to issue tax-free bonds worth Rs 1,000 crore in the current financial year to finance and develop small airports in the country. AAI's move comes days after the government's decision to construct 51 low-cost airports across the country. It would strengthen the financial position of AAI to build these airports,' AAI Chairman V P Aggarwal said in Delhi.
Tag: Airport Authority of India
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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AAI’s budget cut to hit airport development in Northeast
The airport development programme in Northeast India will hit by the cut in the Airport Authority of India's (AAI) budgetary support, stated a Parliamentary panel of Rajya Sabha. The department related parliamentary standing committee on transport, tourism and culture has in its recently submitted report stated that budgetary support in the form of grants-in-aid provided to AAI in annual plan 2013-14 is Rs 42 crore.
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Govt to upgrade Juhu airport for Rs 20 bn
Media reports indicate that the union government approved a Rs 2,000 crore project to extend the runway of Juhu airport in Mumbai by 650 metre into the sea. The project, which is part of the overall plan to redevelop the airport, is intended to begin operation of private jet and small turboprop and ATR in
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Chhattisgarh govt, AAI to sign pact for airport project
Media reports indicate that the Chhattisgarh state government and the Airport Authority of India (AAI) may sign an agreement for setting up a full-fledged airport at Raigarh at a cost of Rs 260 crore. AAI is expected to develop the proposed airport in two phases, with Rs 158 crore being spent on the first phase. The authority expects to complete the project in thre
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AAI invested Rs 2.5 bn on Mangalore airport
Airport Authority of India (AAI) has invested around Rs 250 crore for the development of Mangalore airport till now and has requested the Karnataka government to provide land for further development.
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Govt may privatise Chennai airport’s cargo operation
Airport Authority of India (AAI) has said that the Government could give the entire air cargo operation to a private company in the proposed second phase of the Chennai airport modernisation plan. GK Chaukiyal, Member (Operations), Airport Authority of India said that AAI is open to the idea of outsourcing the entire air cargo operations in the second phase when a new cargo facility is to be built in the old terminal.
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Govt may privatise Chennai airport’s cargo operation
Airport Authority of India (AAI) has said that the Government could give the entire air cargo operation to a private company in the proposed second phase of the Chennai airport modernisation plan. GK Chaukiyal, Member (Operations), Airport Authority of India said that AAI is open to the idea of outsourcing the entire air cargo operations in the second phase when a new cargo facility is to be built in the old terminal.
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Terminals at Chennai airport opened for public
Recently, the new domestic and international terminals at the Chennai airport were opened for public use by Vice-President Hamid Ansari. It may be recalled that the Airport Authority of India (AAI) built the terminals at a cost of Rs 2,000-crore to enhance capacity. The existing terminals had a capacity to handle six milli