Lease out airports to private players: Assocham

New Delhi: Indian government can attract huge private investments by leasing out its under-utilized air-strips and airports to private players, industry body Assocham said.
Private developers can turn such airports and airstrips into merchant airports and each of them would fetch a revenue of Rs 100 crore on an average for the government, according to an estimate by the chamber.
If the government leases out 200 of 450 airstrips and airports to private airport developers for a period of 66 years, government can get Rs 20,000 crore worth of private investment, it added.
Assocham said merchant airports can efficiently cater to civil aviation requirement on feeder routes and save the economy a loss of at least Rs 2 lakh crore per annum.
The chamber also suggested that government should set up a single window clearance system for giving approvals and clearance from air traffic clearance and other regularity agencies for such projects.
24/05/07 Zee News

To Read the News in full at Source, Click the Headline

Categories: Airports May 2007, New May 2007