Rs 98,000 crore lined up for investment in India’s airports over next 5 years

Airports Authority of India (AAI) and other private Airport Developers have targeted a capital outlay of approximately Rs. 98,000 crore in the airport sector over the next five years for expansion and modification of existing terminals, new terminals and strengthening of runways, Minister of State for Civil Aviation Gen.  V. K. Singh (Retd) informed the Lok Sabha today.

Delhi, Bangalore, Hyderabad, Lucknow and Ahmedabad have earmarked capital expenditure of Rs.10,550 crore, Rs.13,552 crore, Rs. 6,288 crore, Rs.1,383 crore respectively for the period 2019-25.

The project costs of nine operationalized Greenfield airports are:- Durgapur-Rs.670 crore, Shirdi-Rs.320 crore, Pakyong- Rs. 553.53 core, Kannur- Rs.2342 crore, Kalaburagi- Rs.175.57 crore, Orvakal (Kurnool)- Rs.187 crore, Sindhudurg- Rs.520 crore, Kushinagar-Rs.448 crore and Donyi Polo, Itanagar-Rs.646 crore.

Moreover, Mangaluru, Guwahati and Ahmedabad airports have earmarked a Capital Expenditure of Rs. 567 crore, Rs.1,232 crore and Rs.376 crore, respectively for the period 2019-25.

Upgradation and modernisation of airports’ infrastructure is a continuous process and is undertaken by Airports Authority of India (AAI) and other Airport Developers from time to time depending on the availability of land, commercial viability, socio-economic considerations, traffic demand and willingness of airlines to operate at such airports, the minister stated in the written reply in answer to a question.

The Directorate General of Civil Aviation has issued a Civil Aviation Requirement based on the International Standards and Recommended Practices for Aerodromes set out by the International Civil Aviation Organisation, he added.