Chennai, Kolkata airport revamp to cost Rs 7,000 cr

New Delhi: Despite a demand from the Left parties and a section of the employees of the Airport Authority of India (AAI), the modernisation of Chennai and Kolkata airports may be out of the reach of the AAI.
Official sources told Business Line that despite having reserves and surplus to the tune of Rs 3,352 crore (provisional) as of April 1 this year, the Authority would not be able to touch the special reserves as that is earmarked for specified expenditure.
"Consequently, AAI may be able to spare about Rs 600 crore from the general reserves and this would be inadequate to undertake the modernisation of Chennai and Kolkata airports, which is estimated to cost Rs 7,000 crore," the sources said.
The modernisation process at Chennai and Kolkata airports is expected to start soon after the Assembly elections in the two States are completed. The Tamil Nadu Government has already given several hundred acres of land free of encumbrances for the airport modernisation process to start.
15/04/06 Sify

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