Categories: Economy

Govt ready with Rs 91,000 crore investment plan for big push to airports

<p>
The Government has drawn up a Rs 91,000 crore investment plan to develop new airports and expand existing ones to meet the increasing demand in the aviation sector in future, according to information provided by the Civil Aviation Ministry to Parliament on Monday.</p>
<p>
As much as Rs 36,000 crores of this amount will be invested in the development of new Greenfield airports across the country under the PPP (public-private partnership) mode.</p>
<p>
Government of India has accorded 'in-principle' approval for setting up of 21 Greenfield Airports across the country. So far, eight Greenfield airports namely, Sindhudurg and Shirdi in Maharashtra, Durgapur in West Bengal, Pakyong in Sikkim, Kannur in Kerala, Orvakal in Andhra Pradesh, Kalaburagi in Karnataka and Kushinagar in Uttar Pradesh have been operationalized.</p>
<p>
The Public Private Partnership (PPP) airports at Delhi, Hyderabad and Bengaluru are undertaking major expansion projects of around Rs. 30,000 crores by 2025.</p>
<p>
AAI has taken up development of new and existing airports with a projected capital expenditure of around Rs. 25,000 crores in the next five years.  This includes construction of new terminals, expansion and modification of existing terminals, expansion and/ or strengthening of existing runways, aprons, Airport Navigation Services infrastructure, control towers and technical blocks etc.</p>
<p>
Airports Authority of India(AAI) has also identified 154 airports under the regional connectivity scheme (RCS) including 14 water aerodromes and 36 helipads so far under UDAN for operation of RCS flights. Airports Authority of India(AAI), the Implementing Agency, has awarded 948 routes, from which, 405 routes involving 65 airports including 8 heliports and 2 water aerodromes have been operationalized under UDAN as on 09.03.2022.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/india-news/pm-gati-shakti-master-plan-earmarks-grand-greenfield-expressways-bridges-and-tunnels-for-seamless-connectivity-150572.html">PM Gati Shakti Master Plan earmarks 22 grand greenfield expressways, bridges and tunnels for seamless connectivity</a></strong></p>

IN Bureau

Recent Posts

Protests erupt across PoGB over Kurram attack, shia community seeks justice

Protest demonstrations broke out across different areas of Pakistan-occupied Gilgit-Baltistan after Friday prayers, with thousands…

2 hours ago

UKPNP Slams Pakistan’s Unconstitutional Presidential Order in PoJK

Jamil Maqsood, the President of the Foreign Affairs Committee of the United Kashmir People's National…

6 hours ago

Meeting of ASEAN-India Trade in Goods Agreement committee concludes in Delhi

The 6th meeting of the ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee concluded in…

6 hours ago

US adds 29 Chinese firms to Uyghur Forced Labor Prevention Act Entity list

The US Department of Homeland Security (DHS), on behalf of the Forced Labor Enforcement Task…

6 hours ago

Tibetan Parliament-in-Exile calls for UK’s action on China’s Abuses

A delegation from the Tibetan Parliament-in-Exile (TPiE), led by Speaker Khenpo Sonam Tenphel and accompanied…

7 hours ago

Indian Dornier 228 aircraft flypast on the sidelines of India-CARICOM Summit

On the sidelines of the 2nd India-CARICOM Summit, leaders of the member countries witnessed a…

7 hours ago