IIFCL approves loans worth INR 8,800cr for airport development & civil aviation projects
According to Managing Director PR Jaishankar, India Infrastructure Finance Company Limited (IIFCL) they have approved loans amounting to INR 8,800 crore for airport development and civil aviation projects across India. Approximately INR 4,000 crore of these loans have already been disbursed for the execution of airport projects.
IIFCL has a significant presence in the financing of airport projects across India and has provided support to projects with a cumulative value of around INR 74,000 crore. This demonstrates the company’s commitment to promoting the growth and expansion of the aviation sector in India.
As a result of this expansion, India’s capacity to handle passengers is expected to increase from the current 350 million per annum to 500 million per annum by the end of the current fiscal year, and further to 2 billion by 2047. This highlights the ambitious vision for the development of the civil aviation sector in India.
Jaishankar emphasized that IIFCL remains committed to providing ongoing support for the development of world-class airport infrastructure in India. The company is open to financing greenfield airport projects and also considers supporting maintenance, repair, and overhaul (MRO) facilities through the public-private partnership (PPP) model. Various financing methods, such as term loans, subscription to bonds, refinancing, and credit enhancement, will be explored to facilitate these initiatives. This commitment reflects IIFCL’s dedication to the growth and modernization of India’s aviation infrastructure.