AAI to invest in expansion of Chennai airport

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New Delhi: Airports Authority of India (AAI) has plans to invest up to Rs 1,400 crore in further expansion of Chennai Airport.

It is also planning to set up an ATC tower at Kolkata Airport.

Besides, it is considering to develop city side of Lucknow, Raipur and Tirupati airports to shore up additional revenue and curtail operational losses of these airports.

Notably, the Government had earlier planned to handover Jaipur and Ahemdabad airports along with these two metro airports to private players for their development, management and operations after investing Rs 5,000 crore public money in their modernisation and upgradation.

However, it had to drop the move due to vehement opposition from AAI unions and global airlines grouping,
Significantly, nine private firms including Tatas, Adani GMR, GVK and Essel groups had shown interest in these four airports after the government floated RFQ late last year.

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