The Airports Authority of India (AAI) is working on a draft to amend the AAI Act, 1994, which will allow the state-run airport operator to monetize land parcels near airport terminals across the country, two officials aware of the matter said.
According to the existing provisions of the AAI Act, the authority can use the land only to discharge functions related to airports.
"The amendment to AAI Act, 1994 is currently in a draft stage. Legal opinion has also been sought from the ministry of law and justice. Simultaneously, the authority has identified land parcels, where AAI can commence the process once final approvals are in place," one of the two officials said, requesting anonymity.
Diese Geschichte stammt aus der January 17, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der January 17, 2023-Ausgabe von Mint Mumbai.
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