New Delhi: Aiming to speed up airport modernisation projects, a Parliamentary committee has made a strong pitch for grant of financial autonomy to Airports Authority of India (AAI) and allowing it to raise funds through tax-free bonds.
The Parliamentary Standing Committee on Transport, Tourism and Culture, in its latest report, noted that "the much-emphasised financial autonomy to AAI to plan and execute its projects has not materialised so far".
The Committee, headed by CPI(M) leader Sitaram Yechury, said it hoped that the Civil Aviation Ministry "will impress the Ministry of Finance in granting permission to AAI to float tax-free bonds to raise funds so that the ongoing and planned airport projects are not stalled or delayed for want of funds".
06/05/12 PTI/Daily News & Analysis
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