What is the difference between lsquo Greenfield rsquo and lsquo Brownfield rsquo airport projects ........

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What is the difference between ‘Greenfield’ and ‘Brownfield’ airport projects?

Greenfield airports are new airports constructed on undeveloped sites, whereas Brownfield airports are up-gradation over existing ones.

Brownfield airports are more polluted than Greenfield airports.

Greenfield airports pass ecological benchmarks set by the Civil Aviation authorities, whereas Brownfield airports do not.

Brownfield airports are developed on relatively barren sites, whereas Greenfield airports are developed near dense vegetation to cut noise and pollution.

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Explanation:

Greenfield investment is investment in new plants. It is establishing new production capacity by an investor or company. On the other, Brownfield investment is an investor investing in an existing plant. Brownfield investment is mainly made through merger and acquisitions.

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