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Airports Authority of India to raise $300 mn to fund new infrastructure

The airport authority aims to spend a minimum of Rs 5,000 crore each year on the infrastructure in line with the government's announcement that 100 new airports will be developed in five years

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BS Reporter Hyderabad
With an intent to step up investments in capacity expansion of airport infrastructure in the country, the Airports Authority of India(AAI) has decided to raise $300 million through External Commercial Borrowing (ECB) route next year as part of the proposed five-year outlay with Rs 25,000 crore starting this year. The AAI board has already approved the move, according to its chairman Arvind Singh.

The airport authority aims to spend a minimum of Rs 5,000 crore each year on the infrastructure in line with the government's announcement that 100 new airports will be developed in five years in addition to the

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