AP Government approves BIACL loan proposal
posted on Oct 8, 2015 8:40AM
AP government that is planning to construct a world class international airport at Bhogapuram in Vizianagaram district formed Bhogapuram International Airport Corporation (BIACL) few weeks ago. BIACL sent proposal to statement government seeking permission to collect Rs. 1500 crore loans from banks and financial institutions for land purchase and rehabilitation works at Bhogapuram. Government approved its proposal and also approves its other proposal for setting up its head office at Visakhapatnam. The government agrees to appoint Managing Director to BIACL very soon.
State Government is also planning to construct green field air airports at Kuppam in Chittoor district, Orvakallu in Kurnool district, Dagadarthi in Nellore districts. It is planning to constitute special purpose vehicles to handle the matters related to these green field airports.