Friday, May 11, 2018

Maha to pay Rs 82 cr to AAI for Kolhapur airport expansion

Mumbai: The Maharashtra Government will pay Rs 82 crore to the Airport Authority of India (AAI) for expansion of the Kolhapur airport, it has said.
A government resolution (GR) issued two days ago said the AAI had demanded that the state share 25 to 30 per cent of the cost of the expansion work. The work is estimated to cost Rs 274 crore.
The state would be paying Rs 82 crore to the AAI, the GR said.
The Kolhapur airport was leased to the Maharashtra Industrial Development Corporation in 1997. After the lease expired in 2013, it was handed over to the AAI.
The state government recently named the airport as Chhatrapati Shahu Maharaj Airport.
The state government has also approved Rs 26 crore for expansion of the Ratnagiri airport under the Centre's regional connectivity scheme, 'Udaan'.
Maharashtra Airport Development Corporation (MADC) had sought approval for acquiring 33.81 hectares of land for the expansion, and a grant of Rs 26 crore for the same purpose.
11/05/18 PTI/Business Standard