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AAI to modernize Chennai, Kolkata airports by fiscal end

AAI to modernize Chennai, Kolkata airports by fiscal end
PTI
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First Published: Fri, Aug 26 2011. 05 59 PM IST
Updated: Fri, Aug 26 2011. 05 59 PM IST
New Delhi: The Airports Authority of India (AAI) on Friday said it will complete modernization of Chennai and Kolkata airports by the end of the fiscal.
“We have been given the task to (upgrade) 35 airports. The two major airports being Chennai and Kolkata. We will hopefully commission Chennai by December and Kolkata by March next year,” AAI chairperson V. P. Aggarwal said on the sidelines of a summit here.
The AAI, which had taken up modernization and upgradation of 35 airports across the country, is likely to complete work on all projects by March next year. The project also includes construction of runway at certain terminals, he said.
The commissioning of 35 airports is being carried out with a budget provision of Rs 12,000 crore in the 11th five year plan, he said. He added, “Rs 2,000 crore is to be borrowed from banks. So far we have been able to borrow from banks directly.”
Out of 35 airports, modernization of 24 is being carried out under the public-private partnership (PPP) mode. The exercise is aimed at maximizing commercial revenues (non-aeronautical) of these airports with the private players managing facilities such as parking, restaurants and shops.
The consortium of selected bidder and AAI would commercially operate the airports and maintain their terminal buildings.
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First Published: Fri, Aug 26 2011. 05 59 PM IST