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Airports Authority of India reportedly scales back debt proposal for modernisation projects

5-Jan-2010 11:14 AM

Airports Authority of India (AAI) reportedly announced plans to raise USD604.8 million through debt for the modernisation of 16 non-metro airports over the next two years (The Hindu Business Line, 04-Jan-2010). AAI’s proposal for borrowing has reportedly been reduced from USD1 billion to fund the modernisation of 24 airports (Indian Express, 04-Jan-2010).