{"id":324413,"date":"2020-01-28T11:53:44","date_gmt":"2020-01-28T06:23:44","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=324413"},"modified":"2020-01-28T11:53:44","modified_gmt":"2020-01-28T06:23:44","slug":"large-part-of-rs-2k-cr-borrowings-to-come-from-overseas-for-aai","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/large-part-of-rs-2k-cr-borrowings-to-come-from-overseas-for-aai\/","title":{"rendered":"Large part of Rs 2K-cr borrowings to come from overseas for AAI"},"content":{"rendered":"<p>New Delhi: The Airports Authority of India (AAI) is set to tap capital from overseas in the next fiscal to fund its airport development projects, a top official told ET, in what is perhaps the first time it would raise money abroad. \u201cWe have approvals to raise over Rs 2,000 crore. Of this, a large fraction will be through foreign borrowings,\u201d AAI chairman Arvind Singh told ET.<\/p>\n<p>The authority is a debt-free company and has AAA ratings, which will ensure that it gets funds at competitive rates, he added. The total outlay for 2020-21 is likely to be more than Rs 5,000 crore, and AAI plans to fund about 40% of its outlay through debt. Of the rest, about Rs 500 crore will come from the government for developing smaller airports for regional flights, and internal accruals. The Narendra Modi government has insisted that profit-making entities such as the AAI tap funding through debt and other modes to finance capital expenditure instead <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Airports Authority of India (AAI) is set to tap capital from overseas in the next fiscal to fund its airport development projects, a top official told ET, in what is perhaps the first time it would raise money abroad. \u201cWe have approvals to raise over Rs 2,000 crore. Of this, a large fraction will be through foreign borrowings,\u201d AAI chairman Arvind Singh told ET. The authority is a debt-free company and has AAA ratings, which will ensure that it gets funds at competitive rates, he added. The total outlay for 2020-21 is likely to be more than [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-324413","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=324413"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324413\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=324413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=324413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=324413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}