Govt aims for Rs 50,000 cr pvt investment in airport projects

New Delhi: Buoyed by the Rs 30,000 crore private sector investment in airport projects during 2007-12, the government plans to attract Rs 50,000 crore more in the 12th Plan from private and foreign sources to push some big ticket projects this year itself.
The government estimates that a whopping Rs 67,500 crore would be required to develop and modernise airports during the 12th Plan period, of which the Airports Authority of India (AAI) would contribute Rs 17,500 crore.
While the balance of around Rs 50,000 crore has to be brought in by the private sector, official sources said "this large amount may require significant contribution from global investors as well."
Keeping in mind this big ticket investment needed over the next five years, the government has evolved a draft policy blueprint on tariff regulation at a large number of airports which are not under the ambit of the Airports Economic Regulatory Authority (AERA) that currently regulates tariff for only 15 of them.
03/06/12 Press Trust of India/Business Standard

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Categories: airports Jun 2012, New Jun 2012