Mumbai: State-run Airports Authority of India (AAI) today said it will soon approach the Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds to finance modernisation of non-metro airports.
"The ministry has so far not agreed to our infrastructure bonds .... So we will again pitch for its sanction," AAI chairman V P Agarwal told reporters on the sidelines of the Capa India Aviation summit here.
The PSU has long been requesting the government to allow it raise Rs 3,000 crore through bonds.
"We require funds to upgrade 2-tier and 3-tier airports or the secondary airports in the metros. Since these airports are not viable, we need low-cost financing," Agarwal said.
31/10/12 PTI/Economic Times
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"The ministry has so far not agreed to our infrastructure bonds .... So we will again pitch for its sanction," AAI chairman V P Agarwal told reporters on the sidelines of the Capa India Aviation summit here.
The PSU has long been requesting the government to allow it raise Rs 3,000 crore through bonds.
"We require funds to upgrade 2-tier and 3-tier airports or the secondary airports in the metros. Since these airports are not viable, we need low-cost financing," Agarwal said.
31/10/12 PTI/Economic Times
