New Delhi: Working on ways to increase its revenues, Airports Authority of India (AAI) plans to partially monetise around 55,000 hectares of land owned by it in urban areas.
The proposed move is part of AAI's larger efforts to enhance non-aeronautical revenues, which currently account for around 19 per cent of its annual top line.
In his first media interaction after taking over as chairman of the national airports operator here today, Guruprasad Mohapatra outlined the future road map for AAI, which has envisaged a capital expenditure of Rs 17,500 crore over the five year period till March 2020.
"We have a huge chunk of land on the city side which we have not been able to monetise... That is where we are focusing now," he said.
Land is proposed to be utilised for commercial activities, including for hospitality business and warehousing.
20/09/16 PTI/Business Standard
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The proposed move is part of AAI's larger efforts to enhance non-aeronautical revenues, which currently account for around 19 per cent of its annual top line.
In his first media interaction after taking over as chairman of the national airports operator here today, Guruprasad Mohapatra outlined the future road map for AAI, which has envisaged a capital expenditure of Rs 17,500 crore over the five year period till March 2020.
"We have a huge chunk of land on the city side which we have not been able to monetise... That is where we are focusing now," he said.
Land is proposed to be utilised for commercial activities, including for hospitality business and warehousing.
20/09/16 PTI/Business Standard
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