Greenfield airport plans taxi in

New Delhi: Kolkata may have a greenfield airport with up to 100% foreign investment, instead of modernising the existing airport under joint venture (JV) route.
It is understood that West Bengal and Tamil Nadu are keen to have world-class airports in Kolkata and Chennai at the earliest and they would soon initiate the process of finalising the two projects with the Centre.
The Centre has made it clear that it would not invest any money in the development of greenfield airports in metros.
In these circumstances, depending on the state government’s decision, foreign investors may have up to 100% equity stake for the development of greenfield airports in metros.
Sources in Civil Aviation Ministry said that development of airports in Kolkata and Chennai would depend on the state support guarantee by the respective government.
21/05/06 Economic Times

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