AAI to spend Rs 19,000 crore on airports upgrade in small cities

In a bid to improve India’s airport structure, Airports Authority of India (AAI) is planning to invest about Rs 19,000 crore over the next three years, especially in small cities. According to a report, AAI official said the investment is being made in improving runway capacity as well as building terminal capacity. AAI is also working on plans to build new airports in Gujarat’s Rajkot, Jharkhand’s Dhalbhumgarh and in Hollongi and Halwara in the Northeast. “We are seeking funds from market through debt and other modes to fund these projects. Some of the funding will also come from our profits,” said an AAI official.

Source: ET