India, Singapore civil aviation pact gets govt nod

The objective of MoU begins with development of Jaipur and Ahmedabad airports and will further be extended to other airports The Dollar Business Bureau
India, Singapore for ties in civil aviation Government of Singapore owns one of the best managed airports in the world, which has consistently maintained its ranking for last many years.
  The Union Cabinet on Wednesday gave its approval the signing of a Memorandum of Understanding (MoU) for bilateral cooperation between India and Singapore in Aviation sector. The MoU was signed between Airports Authority of India and Singapore Cooperation Enterprise in Civil Aviation during Prime Minister’s visit to Singapore in November, 2015. Owing to immediate need, the objective of MoU begins with development of Jaipur and Ahmedabad airports and will further be extended to other airports in areas like design & quality improvement, traffic and commercial development, training, cargo handling and management. Government of Singapore owns one of the best managed airports in the world, which has consistently maintained its ranking for last many years. This would be the first time the AAI would be awarding Operation & Maintenance (O&M) contract model of terminal buildings to other entities and is likely to enter into O&M contracts with or without the responsibility of maximization of non-aeronautical revenue in the terminal building (excluding land on city side and air side). The city side and airside will continue to be managed directly by AAI. Globally, limited O&M contract models are prevalent for the entire airport operations. Meanwhile, the Cabinet has also given approval for transfer of 14.86 hectares of land from Farakka Barrage Project under the Ministry of Water Resources to Inland Waterways Authority of India for construction of a new navigational lock parallel to the existing navigational lock at Farakka. The project worth Rs.2,35,80,160, upon completion will ensure smooth and seamless movement of vessels on National Waterways-1.  

January 07, 2016  | 04:00pm IST

The Dollar Business Bureau - Jan 07, 2016 10:31 IST
 
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