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Union Government, Maharashtra Government and AAI sign MoU on Regional Connectivity Scheme

With this MoU, the Maharashtra Government formally agreed to provide the concessions required from the State Governments in the Regional Connectivity Scheme, thereby becoming the first state in the country to do so.

Aug 24, 2016 12:27 IST
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The Union Ministry of Civil Aviation, Maharashtra Government and Airports Authority of India (AAI) on 23 August 2016 signed a tri-partite Memorandum of Understanding (MOU) for successful launch of the Regional Connectivity Scheme (RCS).

The agreement was signed by Chairman of Airports Authority of India, Principal Secretary Civil Aviation (Maharashtra) and Joint Secretary (Ministry of Civil Aviation).

With this MoU, the Maharashtra Government formally agreed to provide the concessions required from the State Governments in the Regional Connectivity Scheme, thereby becoming the first state in the country to do so.

Highlights of the MoU

• The 10 airports that will be developed are- Kolhapur, Shirdi, Amravati, Gondia, Nashik, Jalgaon, Nanded, Solapur, Ratnagiri and Sindhudurg will be developed.
• The state will contribute 20 percent cost of Viability Gap Funding, whereas the centre will bear the remaining 80 percent cost.
• The state government will reduce the Local Body Tax (LBT) on air fuel from existing 10 percent to 1 percent for a period of 10 years.
• Moreover, the government will provide essential land free of cost.
• These airports will be provided with roads, rail, Metro and waterway connectivity. The state government will also provide electricity, water and necessary facilities at concessional rates.

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