December 2016 Current Affairs

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HUDCO to release Rs.650 cr to acquire land for Bhogapuram Airport

HUDCO to release Rs.650 cr to acquire land for Bhogapuram Airport
04 June 2016 Current Affairs: Andhra Pradesh, the state finance department, Housing and Urban Development Corporation (HUDCO) and the Special Purpose Vehicle Bhogapuram International Airport Company Ltd., (BIACL) have entered into a formal agreement, paving the way for the International Airport to come up near Visakhapatnam.

Andhra Pradesh government would stand guarantor to the Rs.650-crore loan to be extended by HUDCO. The amount will be released in 10 to 15 days to BIACL which will be utilised by the government to acquire 2,400 acres for the Airport in the first phase. 

The land acquisition process is expected to be over in about six months and the HUDCO loan comes with a moratorium of three years and the loan would have to be repaid over 17 years. The BIACL would invite international bids for the construction of the airport which will be big enough for the biggest aircraft Airbus 380 to land and accessible to three north Andhra districts.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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