Chandigarh: To expedite the proposed cargo airport in Haryana, the state government will take up Public Private Partnership (PPP) mode for the greenfield project at Meham in Rohtak. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will be the equity partner for bearing the cost of land acquisition for the project.
In wake of adverse investment scenario, the capital infusion (in form of buying 4,000 acres land for the project) by the HSIIDC will catalyze private investment and not let delay due to lack of funds from the AAI. The wait for seed investment from the AAI that relies on budgetary allocation for mega investments could cause inordinate delay, sources in the HSIIDC said.
25/08/13 Prashant Krar/Economic Times
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In wake of adverse investment scenario, the capital infusion (in form of buying 4,000 acres land for the project) by the HSIIDC will catalyze private investment and not let delay due to lack of funds from the AAI. The wait for seed investment from the AAI that relies on budgetary allocation for mega investments could cause inordinate delay, sources in the HSIIDC said.
25/08/13 Prashant Krar/Economic Times
