AAI to invest Rs 90 crore in Mumbai, Delhi airports

The Airports Authority of India (AAI) will invest about Rs 90 crore in the Delhi and Mumbai airports to upgrade the facilities in the two airports. The board of the Airports Authority of India, which met here today, has given its approval to the proposal.

The Rs 90 crore investment will be undertaken in the next 12 months. The authority will invest Rs 45 crore in the Delhi airport, while the investment in Mumbai airport will be Rs 46 crore.

It is expected that with the investments, the services at the Delhi and Mumbai airports will be raised to international standards.

"The investment will go towards upgrading the facilities at the terminals of the two airports. This has been done as the privatisation and modernisation of the two airports are still under process," said a senior official at the Airports Authority of India.

This move comes at a time when the government wants to privatise the two airports and allow private companies to modernise them.

About 10 companies including Reliance, Bharti and the Essel Group have shown interest in picking up equity in the two airports.

"This is an interim move so that the standard of facilities in the two airports are improved," added the official at the Airports Authority of India.