Business Standard

AAI may issue Rs 5,000-cr bonds for airport projects

The expenditure will primarily be meant to build seven greenfield airports and step up the capacity of terminals and runways at 46 existing airports

Airline, airport story, duty free
Premium

Source: iStock

Arindam Majumder New Delhi
India’s state-owned airport agency, Airports Authority of India (AAI), is likely to issue bonds to finance airport projects. Estimates suggest that airport projects will require more than Rs 20,000-crore investment over the next five years. The expenditure will primarily be meant to build seven greenfield airports and step up the capacity of terminals and runways at 46 existing airports.

“We have planned a massive capital expenditure for upgrading our airport infrastructure. We are preparing to issue bonds by tapping the capital market,” Guruprasad Mohapatra, chairman, AAI, told Business Standard.

While Mohapatra did not specify the amount that AAI is planning

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in