PSU IN MEDIA
Airports Authority of India plans to monetise 12-15 percent of its landholding
NEW DELHI . The government plans to amend the AAI Act to allow the former to monetise its surplus land for commercial purposes. Currently, the Act limits AAI to use its land for only airport related purposes.
AAI owns close to 55,000 acres of land across the country and is ranked as the third highest in terms of the land it owns probably after railways and defence. According to a senior official of AAI, the plan is to monetise around 12-15% of the total land it holds. The money collected will be used in developing new or upgrading the existing airports in non-metro cities.
AAI can monetise 2,000-3,000 acres of land in the future which should contribute to improvement of infrastructure in the future,” civil aviation minister Ashok Gajapathi Raju said. Financial Express
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