New Delhi: Days after the government’s move to construct 51 low-cost airports across the country, the Airport Authority of India (AAI) has decided to issue tax-free bonds worth Rs.1,000 crore in the current financial year.
“The amount realised will be used to finance development of small airports. It would strengthen the financial position of AAI to build these airports,” AAI Chairman V P Agarwal said.
Of the 51 low-cost airports, AAI was planning to start work on 15 airports this calendar year itself, he said, adding that an inter-ministerial group (IMG), set up for this purpose, has discussed the issue of appointing a consultant at their first meeting on Thursday.
The government had last week decided to set up 51 airports to enhance air connectivity to small cities in Andhra Pradesh, Jharkhand, Bihar, Punjab, Uttar Pradesh, Assam, Arunachal Pradesh, Madhya Pradesh, Rajasthan and Maharashtra.
05/07/13 PTI/The Hindu
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“The amount realised will be used to finance development of small airports. It would strengthen the financial position of AAI to build these airports,” AAI Chairman V P Agarwal said.
Of the 51 low-cost airports, AAI was planning to start work on 15 airports this calendar year itself, he said, adding that an inter-ministerial group (IMG), set up for this purpose, has discussed the issue of appointing a consultant at their first meeting on Thursday.
The government had last week decided to set up 51 airports to enhance air connectivity to small cities in Andhra Pradesh, Jharkhand, Bihar, Punjab, Uttar Pradesh, Assam, Arunachal Pradesh, Madhya Pradesh, Rajasthan and Maharashtra.
05/07/13 PTI/The Hindu
