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AAI signs Annual Performance Contract with the Ministry

PW Bureau

AAI signs its Annual Performance Contract (MoU) for 2019-20 with Ministry of Civil Aviation that specifies various parameters and targets for AAI

New Delhi: Airports Authority of India (AAI) signed its Annual Performance Contract i.e. Memorandum of Understanding (MoU) for the year 2019-20 with Ministry of Civil Aviation. The MoU was signed on May 20, 2019, between Pradeep Singh Kharola, Secretary (Civil Aviation) and Dr Guruprasad Mohapatra, Chairman, AAI. Other senior officers from the Ministry of Civil Aviation and Board Members of AAI were also present at the occasion.

MoU contains targets for AAI for 2019-20

MoU 2019-20 specifies various parameters and targets to be performed by AAI during the year. Apart from the targets in the field of Finance, Research & Development, Human Resource Development, Airport Service Quality (ASQ), Cargo and CPSE Conclave- 2018, AAI has undertaken an ambitious target of Rs. 5160 crore towards Capital Expenditure on airport infrastructure development.