AAI to offer sops to boost commercial development at non-metro airports

Mumbai: In a bid to encourage more corporates to take up commercial development at non-metro airports across the country, the Airports Authority of India (AAI), which runs the 125 civil airports, will offer incentives in the form of concession on lease rentals. AAI, which works under the civil aviation ministry, has kick started upgradation of 10 airports across the country and wants to boost private participation in these projects.
AAI had, last year, announced it would take up the development of 35 non-metro airports in the country, starting with the development of 10 airports including Ahmedabad, Jaipur, Lucknow, Amritsar, Indore, Vishakhapatnam, Guwahati and Bhubaneshwar. The agency, which will carry out the development of the ‘air side’ of the projects (runways, terminals, air traffic control tower and so on), has, however, found few takers for the city-side or commercial development of these projects.
AAI wants to offer land at discounted lease rentals, even as much as 30% below the market value, to developers interested in the commercial development of these airports, including duty free shops, internet cafes, business lounges and hospitality chains.
27/04/11 Shaheen Mansuri/Financial Express

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Categories: Airports Apr 2011, New Apr 2011