Hyderabad/Vijayawada: The State government’s Civil Aviation Policy -2015 which seeks to set up a Rs.100 crore corpus for development of regional airports, create project-specific Special Purpose Vehicles (SPVs) for speedy growth of aviation infrastructure and offers a slew of incentives to private sector came into effect on Monday.
A GO issued here said the strategic objectives of the policy are to improve air connectivity, promote development of aviation infrastructure and make AP a preferred destination for investment in aviation and allied businesses by creating airports as hubs of economic activity. The SPVs will act for identified aviation projects as the sponsor and as the nodal agency for planning and implementation of specified airport infrastructure projects and provide support to project developers and operators, said the GO. The SPV will be focussed on securing necessary clearances and approvals, including obtaining land for aviation project purposes and handling the bidding process.
23/06/15 The Hindu
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A GO issued here said the strategic objectives of the policy are to improve air connectivity, promote development of aviation infrastructure and make AP a preferred destination for investment in aviation and allied businesses by creating airports as hubs of economic activity. The SPVs will act for identified aviation projects as the sponsor and as the nodal agency for planning and implementation of specified airport infrastructure projects and provide support to project developers and operators, said the GO. The SPV will be focussed on securing necessary clearances and approvals, including obtaining land for aviation project purposes and handling the bidding process.
23/06/15 The Hindu
