Cabinet gives approval to transfer Nagpur airport to AAI-MADC JV Company

Nagpur: The Union Cabinet recently gave its 'in-principle' approval for transfer of Dr Ambedkar International Airport, Nagpur to the Joint Venture (JV) Company comprising Airports Authority of India (AAI) and Maharashtra Airport Development Company Ltd. (MADC) for upgradation of the airport to a world-class Multi Modal International Passenger and Cargo Hub (MIHAN).
The Union Cabinet also gave its approval to invest an amount of Rs 4.90 crore by AAI in the equity of the Joint Venture Company. The development is expected to help improve tourism and international trade in the region, as well as enable optimum utilisation of the airport.
02/02/08 TravelBizMonitor

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Categories: airports Feb 2008, New Feb 2008