Key Points
India Infrastructure Finance Company Limited (IIFCL) on Sunday approved loans worth Rs 8,800 crore for airports and civil aviation infrastructure development in the country, reported PTI, quoting Managing Director PR Jaishankar...
"So far, the IIFCL has sanctioned loans of about Rs 8,800 crore with the disbursement of around Rs 4,000 crore for the development of airport projects," PTI quoting him as saying...
Over the past few years, India has seen massive growth in the airport sector with increasing investments from both government and private sector, mainly due to a rising proportion of middle-income households, infrastructure build-up at leading airports and supportive policy framework...
IIFCL will continue to extend its support to develop world-class airport infrastructure in India and explore opportunities in funding the greenfield airport projects, as well as maintenance, repairs and overhaul (MRO) facilities under the PPP mode by way of term loan, subscription to bonds, refinancing, or credit enhancement etc, Jaishankar said.. Highlighting the importance of the airport sector, Jaishankar said it holds the potential to provide a huge positive impact on the economy, with an economic multiplier of 3.1 and an employment multiplier of 6...
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