AAI lines up Rs 12k-cr airport revamp

New Delhi: The country’s aviation infrastructure will get a massive investment dose over the next five years. Airports Authority of India (AAI) has planned to set aside Rs 12,434 crore for the upgradation and modernisation process.
For the three metro airports in Kolkata, Chennai and Trivandrum, AAI has earmarked 43% of its planned outlay, while the rest will go into upgrading other non-metro airports and modernising the existing aeronautical facilities.
Of the Rs 5,332.13 crore earmarked for the three metro airports, Chennai has got the highest share — Rs 2,462 crore — for revamping the existing airport while the Kolkata airport will be modernised with a total outlay of Rs 2,417 crore.
Another Rs 452 crore will be spent on the Trivandrum airport. AAI has floated tenders for the modernisation of these metro projects, which are likely to be at par with India’s busiest Mumbai and Delhi airports, which are currently being re-developed by major private players.
Sources in AAI said the process to scale up two of India’s most profitable airports — Kolkata and Chennai — to world standards has already started with adequate funds put in place for the next five years.
28/02/08 Chanchal Pal Chauhan/Economic Times

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Categories: airports Feb 2008, New Feb 2008