The Airports Authority of
India (AAI) is likely to raise funds worth Rs 3,000 crore via issuance of bonds
in a phased manner.
AAI is planning to raise Rs
600 crore by end-March and another Rs 2,000 crore by the next financial year.
The balance Rs 400 crore is to be taken according to the requirement.
The funds are to be
utilised to invest in the development of 16 non-metro airports. At least three
airports in the South - Mangalore, Tiruchi and Vsakhapatnam - are likely to
benefit from these funds.