Pvt cos may get nod to develop airports

In an attempt to attract private investment and to overcome problems of land acquisition, the Centre may allow private companies to develop airports with no equity participation from the government.

The civil aviation ministry has suggested that private entrepreneurs, who possess the required amount of land, be allowed to build greenfield airports in the country. Asking the finance ministry and the Planning Commission to ‘revisit’ the policy on airports, civil aviation minister Praful Patel said land acquisition for special economic zones was facing major hurdles at present.

Click for complete article


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: