Airports sector set to see Rs 165 lakh crore capex in coming years Scindia
Mumbai Apr 21 PTI The countrys airport sector is expected to see investments worth Rs 165 lakh crore including from private players in the coming years and the government also aims to have 200 airports Civil Aviation Minister Jyotiraditya Scindia said on Thursday The civil aviation sector which was significantly hit by the coronavirus pandemic is on the recovery path and domestic passenger traffic is slowly touching the pre-pandemic levels On April 17 the domestic air passenger traffic crossed the 4 lakh mark for the first time in two years About capital expenditure plans Scindia said we have a plan of close to Rs 98000 crore over the next four years to be deployed in the area of airports alone Out of the total amount Rs 25000 crore would be from the Airports Authority of India AAI and Rs 22000 crore would be for the expansion of airports and the building of new terminals The private sector is looking at close to about Rs 67000 crore in terms of new investments in airports Scindia said while speaking at the Times Networks India Economic Conclave Emphasising that rapid expansion is going to take place the minister said the plan is to have close to 200 airports in the country We had 74 airports prior to 2014 in 70 years of Indias independence and in the last 8 years we have built 67 airports it is my intention by the way to take it close to 200 airports in India and therefore you want to see a rapid expansion of airport infrastructure networks he noted Further Scindia mentioned about a new policy for smaller aircraft to encourage regional transport aircraft and helicopters and sea planes So I want to connect the last mile theres enough of connectivity coming in from international metros to metros domestically but I want to connect tier 2 to 3 cities to metros and to each other So I am looking at a very very aggressive plan over the next three to four years he said Amid the high growth potential in the countrys aviation space a new airline Akasa is expected to take to the skies in the coming months and the now-shuttered Jet Airways is also anticipated to restart operations Akasa and Jet Airways are expected to start operations before the end of this financial year the minister said In March around 106 crore domestic passengers travelled by air as per official data PTI AA MR
Mumbai Apr 21 PTI The countrys airport sector is expected to see investments worth Rs 165 lakh crore including from private players in the coming years and the government also aims to have 200 airports Civil Aviation Minister Jyotiraditya Scindia said on Thursday The civil aviation sector which was significantly hit by the coronavirus pandemic is on the recovery path and domestic passenger traffic is slowly touching the pre-pandemic levels On April 17 the domestic air passenger traffic crossed the 4 lakh mark for the first time in two years About capital expenditure plans Scindia said we have a plan of close to Rs 98000 crore over the next four years to be deployed in the area of airports alone Out of the total amount Rs 25000 crore would be from the Airports Authority of India AAI and Rs 22000 crore would be for the expansion of airports and the building of new terminals The private sector is looking at close to about Rs 67000 crore in terms of new investments in airports Scindia said while speaking at the Times Networks India Economic Conclave Emphasising that rapid expansion is going to take place the minister said the plan is to have close to 200 airports in the country We had 74 airports prior to 2014 in 70 years of Indias independence and in the last 8 years we have built 67 airports it is my intention by the way to take it close to 200 airports in India and therefore you want to see a rapid expansion of airport infrastructure networks he noted Further Scindia mentioned about a new policy for smaller aircraft to encourage regional transport aircraft and helicopters and sea planes So I want to connect the last mile theres enough of connectivity coming in from international metros to metros domestically but I want to connect tier 2 to 3 cities to metros and to each other So I am looking at a very very aggressive plan over the next three to four years he said Amid the high growth potential in the countrys aviation space a new airline Akasa is expected to take to the skies in the coming months and the now-shuttered Jet Airways is also anticipated to restart operations Akasa and Jet Airways are expected to start operations before the end of this financial year the minister said In March around 106 crore domestic passengers travelled by air as per official data PTI AA MR
