Case Studies Trend Watch HR Ministry Associations Dealz Club
Travel Search
Trade News
Inbound/ Domestic News
Outbound News
 
Home  > 
Monday, May 25, 2009, 19:30 Hrs  [IST]

Planning Commission to soon come out with Model Concession Agreement for Greenfield airports

According to a PTI report, the Planning Commission will soon come out with a Model Concession Agreement (MCA) for Greenfield Airports, paving way for expeditious growth of aviation infrastructure in the country. The agreement will provide a framework for establishment of Greenfield Airports by state governments through private participation. The Ministry of Civil Aviation (MoCA) has already approved two Greenfield Airports- Ludhiana and Durgapur, while it is working on the Itanagar project.

The Union Cabinet in April 2008 had approved a proposal for setting up of new Greenfield Airports, as well as private airports, airstrips and helipads. For the purpose, it came out with a new Greenfield airports policy that dispensed with mandatory financial approvals for setting up new airports. While giving approval, it was decided that no Greenfield airport will be allowed within an aerial distance of 150 km of an existing civilian airport, official sources said, adding that in case it is proposed to be set up in the vicinity, its impact on the existing airport will be examined.


Read complete story >>
(You need to login first to read complete story).  New User? Register for FREE!

Back
Receive the best of Travel content in your mailbox.
Enter your e-mail ID for our
Weekly e-Newsletter
  
 
© Copyright 2007 Saffron Media Pvt Ltd