Economic Times, Delhi
Mangalore, Jan 16: The Airport Authority of India (AAI) will come out with a bond issue to finance the development of 35 non-metro airports for Rs 5,000 crore. Details of the debt issue are being finalized.
According to the civil aviation ministry, AAI has already drafted phase-wise development plans for non-metro airports.
A global technical advisor (GTA) and a financial consultant (IFC) have considered a plethora of options including public private partnership for development of the initially selected 10 non-metro airports.Depending on the feasibility and availability of resources, the joint venture for modernisation and development of each airport could be seen as one of the options.
Under phase-I, 10 non-metro airports have been identified for development keeping in view the potential for traffic, tourism and business. The GTA/IFC have submitted Techno-Economic Feasibility Reports for phase-I for 10 non-metro airports. These airports are Ahmedabad, Amritsar, Guwahati, Jaipur, Udaipur, Trivandrum, Lucknow, Goa, Madurai and Mangalore. The estimated cost of development of these 10 airports is Rs 1874 crore.
The process of development of these airports is likely to be completed in five years. The Empowered Sub-Committee of the Committee on Infrastructure reviewed the proposal on October 3. A task force was also set up to decide on the financial plan for development of these airports. Apart from this, studies for another 10 airports are also in the process.
Under Phase-II, 15 non-metro airports have been identified for development which include Vadodara, Bhopal, Indore, Nagpur, Vishakapatnam, Bhubaneshwar, Coimbatore, Patna, Port Blair and Varanasi, Agatti, Aurangabad, Khajuraho, Rajkot and Trichy.
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