HomeNewsTrendsCurrent AffairsMaharashtra signs MoU with centre, AAI to develop 10 airports

Maharashtra signs MoU with centre, AAI to develop 10 airports

RCS, which is part of ambitious National Civil Aviation Policy 2016, is aimed at developing regional connectivity through fiscal support and infrastructure development from the centre.

August 23, 2016 / 18:25 IST
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The Maharashtra government today signed an agreement with Civil Aviation Ministry and the Airports Authority of India for developing 10 airports in the state under the centre's regional connectivity scheme (RCS).

RCS, which is part of ambitious National Civil Aviation Policy 2016, is aimed at developing regional connectivity through fiscal support and infrastructure development from the centre.

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"The MoU, signed in presence of Civil Aviation Minister Ashok Gajapathi Raju, aims to facilitate regional air connectivity by making it affordable by enacting different concessions offered by Centre, the state government and the operators," Chief Minister Devendra Fadnavis said.

The 10 airports - Kolhapur, Shirdi, Amravati, Gondia, Nashik, Jalgaon, Nanded, Solapur, Ratnagiri and Sindhudurg will be developed, wherein state will contribute 20 percent cost of Viability Gap Funding, whereas the centre will bear the remaining 80 percent cost.