Cabinet approves 4 new airports in AP
Friday, 04 September 2009 05:14
Union Cabinet has approved 4 new airports in Andhra Pradesh to be developed under public-private partnership model. The identified airports are Jakranpalli in Nizamabad, Ramagundam in Karimnagar, Tadepalligudem in West Godavari and Orvakal in Kurnool. Each airport will come up in an area of 1500 acres and Infrastructure Corp of AP is to act as nodal agency. Resettlement and rehabilitation is to be done by government and it is learnt those who offer high percentage of revenue sharing with government will be selected. Some concessions offered are exemption from VAT, seigniorage and land conversion charges. It will also provide external infrastructure like road, water and power and providing land on lease.| < Prev | Next > |
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