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AAI plans to raise funds for non-metro airports

Tuesday, 05 Jan 2010
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The Airports Authority of India (AAI) is planning to borrow up to Rs 2,800 crore over by 2012 to take up development work in 16 non-metro airports.

The proposed funds are likely to be raised either through bonds or private placement. However, the final decision regarding the route for mobilising the funds is likely to be taken soon.

The airports which are likely to benefit from the funds raised include at least three in the South - Mangalore in Karnataka, Trichy in Tamil Nadu and Visakhapatnam in Andhra Pradesh.

Also See:

AAI to float bids to develop four airports (21-September-09)

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