Bwengaluru: The HAL Airport terminal may give way to a glitzy commercial mall, with finance minister Arun Jaitley proposing to monetize assets belonging to the Airports Authority of India (AAI).
Sources said the budget proposal to amend the AAI Act to enable authorities to monetize land resources is a precursor to the procedure for commercial exploitation of terminal buildings of airports closed for passenger flights. As such, HAL Airport in Bengaluru and Begumpet Airport in Hyderabad are in focus. Officials said one of the proposals being considered is to turn these terminal buildings into commercial malls through private partnership. Another idea is to lease out office and commercial spaces in these buildings.
Sources said the ministry of civil aviation had already taken a details from the AAI's Bengaluru office on the extent of land, terminal building and other properties at HAL Airport, and a plan is being worked out.
"We have given a report on properties we own in Bengaluru to our southern headquarters. The monetization exercise includes 50,000 acres across the country. However,at this point I cannot talk about the exact plan for HAL Airport terminal, and land in the surrounding area," said S K Swami, general manager, AAI, Bengaluru.
03/2/17 B V Shiva Shankar/Times of India
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Sources said the budget proposal to amend the AAI Act to enable authorities to monetize land resources is a precursor to the procedure for commercial exploitation of terminal buildings of airports closed for passenger flights. As such, HAL Airport in Bengaluru and Begumpet Airport in Hyderabad are in focus. Officials said one of the proposals being considered is to turn these terminal buildings into commercial malls through private partnership. Another idea is to lease out office and commercial spaces in these buildings.
Sources said the ministry of civil aviation had already taken a details from the AAI's Bengaluru office on the extent of land, terminal building and other properties at HAL Airport, and a plan is being worked out.
"We have given a report on properties we own in Bengaluru to our southern headquarters. The monetization exercise includes 50,000 acres across the country. However,at this point I cannot talk about the exact plan for HAL Airport terminal, and land in the surrounding area," said S K Swami, general manager, AAI, Bengaluru.
03/2/17 B V Shiva Shankar/Times of India
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