AAI plans to monetise 759 acre of land near 8 major airports;hotels, warehouses to be setup

The AAI is planning to monetise 759 acres of land near eight major airports so that private companies are able to establish warehouses, hotels or restaurants, and the money generated is utilised to develop airport infrastructure, a senior official said. AAI has identified land parcels near airports of Kolkata, Amritsar, Bhubaneswar, Jaipur airport, Varanasi, Lucknow, Raipur and Tirupati. “The (aforementioned) land is likely to be leased to any company or organisation for a period of 25-30 years for a fixed annual rental income,” a senior official said.

Source: PTI