NIIF Eyes Up to Rs 6.75 Bn Investment for Greenfield Airport in AP

22 Dec 2023 CW Team

The National Investment and Infrastructure Fund (NIIF) is poised to make a significant investment of up to Rs 6.75 billion for the establishment of a Greenfield International Airport in Andhra Pradesh. This strategic initiative underscores NIIF's commitment to advancing infrastructure development and bolstering regional connectivity in the country.

The proposed investment in the Greenfield International Airport aligns with NIIF's broader vision of supporting critical infrastructure projects that contribute to economic growth and development. The airport project is expected to not only enhance regional connectivity but also stimulate economic activity and create employment opportunities in Andhra Pradesh.

The financial commitment from NIIF reflects confidence in the potential of the aviation sector and the strategic importance of well-planned, state-of-the-art airports in fostering economic development. The Greenfield International Airport is envisioned as a key driver for trade, tourism, and overall economic growth in the region.

As India continues to invest in its aviation infrastructure, NIIF's substantial contribution to the Greenfield International Airport project signals a collaborative effort between the public and private sectors to create world-class transportation hubs that meet the evolving needs of a growing economy.

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