Airports Authority of India (AAI) will invest Rs.17,500 crore as capital expenditure towards airport infrastructure development till 2019-20, its chairman Guruprasad Mohapatra said. He said AAI is not willing to divest stakes in any of its airports to private developers as of now. However, Mr. Mohapatra said certain terms were not agreeable by both the parties following which the talks were called off. Out of 125 airports managed by AAI, 69 airports receive commercial flights and another 20 airports “are ready” for flight operations, Mr. Mohapatra said. “The extension of the runway looks difficult due to slum issues,” Mr. Mohapatra said.

Source: The Hindu September 20, 2016 20:26 UTC