The Union Government will invest Rs 2000 crore (Rs 20 billion) for making Mumbai airport into a world class one, Union Civil Aviation Minister Syed Shahnawaz Hussain said in Mumbai.
Speaking to reporters on the sidelines of the inauguration of Pawan Hans Housing Complex, Hussain said that modernisation of the airport was hanging fire for some time.
Both the finance and the civil aviation ministries had jointly finalised the modernisation project.
The civil aviation minister said the Airports Authority of India would form two subsidiary companies for the modernisation of the Mumbai and Delhi airports.
UNI