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

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

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.

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.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?