AAI to lease out land for funds

New Delhi: Funds for its on-going Rs 7,750-crore infrastructure projects at 37 airports in the country, the Airport Authority of India (AAI) has chalked out a plan to add to its revenue base by leasing out around 300 acres on the city side of 10 airports. The surplus land will be used for the setting up of hotels, parking lots and cargo and commercial complexes.
The land would be given on a 30-year lease that may be extendable to another 30 years.
The airports are: Ahmedabad, Jaipur, Vishakhapatnam, Indore, Kolkata, Lucknow, Amirtsar, Hyderabad, Guwahati and Bhubneshwar.
The AAI has planned to invest Rs 1,940 crore on infrastructure projects at the Kolkata airport, Rs 2,000 crore at Chennai, besides Rs 290 crore at Ahmedabad, Rs 245 crore at Thiruvananthapuram, Rs 330 crore at Goa, Rs 250 crore at Amritsar, Rs 77 crore at Chandigarh, Rs 100 crore at Guwahati, Rs 147 crore at Mangalore, Rs 130 crore at Madurai, Rs 135 crore at Raipur, Rs 125 crore at Jaipur, Rs 117 crore at Vadodara and Rs 110 crore Varanasi.
29/01/10 Manish Tiwari/Samiran Saha/Hindustan Times

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Categories: Airports Jan 2010