Hyderabad: Proposing to set up Andhra Pradesh Regional Airport Development Fund (APRADF) with Rs 100 crore to provide financial support for regional airport development, AP government on Monday released its civil Aviation Policy for 2015.
According to the new policy, the initial corpus of this revolving fund will be provided as budgetary support.
Since airport development in tier 2/3 cities require innovative funding solutions, the State government has decided to set up APRADF to provide financial support for regional airport development.
The APRADF will be utilized to provide financial support for development and operation of airports and to underwrite seats for commercial airline operations wherever necessary.
The policy aims to create world class aviation infrastructure that would help provide reliable and seamless air connectivity to regional, national and international destinations by 2022.
22/06/15 New Indian Express
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According to the new policy, the initial corpus of this revolving fund will be provided as budgetary support.
Since airport development in tier 2/3 cities require innovative funding solutions, the State government has decided to set up APRADF to provide financial support for regional airport development.
The APRADF will be utilized to provide financial support for development and operation of airports and to underwrite seats for commercial airline operations wherever necessary.
The policy aims to create world class aviation infrastructure that would help provide reliable and seamless air connectivity to regional, national and international destinations by 2022.
22/06/15 New Indian Express
