The government today gave the green signal for 18 new airports in the country. The greenfield airports, cleared by the Ministry of Civil Aviation (MoCA), is likely to ease the growing congestion at airports, especially in metro cities.
The growing passenger traffic and inability of airports to expand has led to severe delays and poor on-time performance of airlines in the past two years.
Mumbai is likely to be the key benefactor as a new airport at Navi Mumbai has been given approval. In terms of number of new airports proposed, Karnataka will be the biggest beneficiary followed by Andhra Pradesh and Maharashtra.
Surprisingly, the list has no names for projects proposed in Delhi NCR - Jewar and Hisar. The ministry, however, has given 'site clearance' approval to Bhiwadi project (in Rajasthan).
"As per the Greenfield Airports Policy-2008, MoCA accords two stages clearances - 'site clearance' followed by 'in-principle' approval for greenfield airports. MoCA has granted 'in principle' approval for setting up of 18 greenfield airports across the country," says a ministry statement.
While the airport project at Sikkim belongs to AAI (Airports Authority of India), the three projects at Durgapur, Gwalior and Karaikal will be developed by private developers. The remaining 14 airports were proposed by respective state governments.
The combined cost of these project is estimated to be Rs 31,376.45 crore, out of which over 53 per cent (Rs 16,704 crore) will go into building the Navi Mumbai airport. As per the MoCA, the airport projects at Durgapur and Kannur have been completed.
22/11/16 Manu Kaushik/Business Today
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The growing passenger traffic and inability of airports to expand has led to severe delays and poor on-time performance of airlines in the past two years.
Mumbai is likely to be the key benefactor as a new airport at Navi Mumbai has been given approval. In terms of number of new airports proposed, Karnataka will be the biggest beneficiary followed by Andhra Pradesh and Maharashtra.
Surprisingly, the list has no names for projects proposed in Delhi NCR - Jewar and Hisar. The ministry, however, has given 'site clearance' approval to Bhiwadi project (in Rajasthan).
"As per the Greenfield Airports Policy-2008, MoCA accords two stages clearances - 'site clearance' followed by 'in-principle' approval for greenfield airports. MoCA has granted 'in principle' approval for setting up of 18 greenfield airports across the country," says a ministry statement.
While the airport project at Sikkim belongs to AAI (Airports Authority of India), the three projects at Durgapur, Gwalior and Karaikal will be developed by private developers. The remaining 14 airports were proposed by respective state governments.
The combined cost of these project is estimated to be Rs 31,376.45 crore, out of which over 53 per cent (Rs 16,704 crore) will go into building the Navi Mumbai airport. As per the MoCA, the airport projects at Durgapur and Kannur have been completed.
22/11/16 Manu Kaushik/Business Today
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