Rs 1.5 lakh cr needed for new airports in next 10 yrs: CAPA

New Delhi: The Indian aviation sector will require about Rs 1,50,000 crore ($ 30 billion) investment for airport construction in the next 10 years, according to aviation consultancy Centre for Asia Pacific Aviation (CAPA).
Another Rs 4,00,000 crore ($ 80 billion) would have to be invested in aircraft fleet augmentation in the next 10 years, according to the consultancy.
"There will be huge investment required in the aviation sector by 2020. While $ 80 billion would be invested for aircraft acquisition, about $ 30 billion would be needed for setting up airports and other related infrastructure," CAPA's Indian Subcontinent CEO Kapil Kaul said while speaking at an infrastructure summit organised by industry body FICCI.
Mumbai currently has one airport while another is being set up in Navi Mumbai. But Kaul said that there would be requirement of a third airport, too, in the megapolis.
He went on to add that 10-12 cities in the country would also need a second airport by 2020, with the air traffic for the whole of the country projected to go up to 225 million by then from the current 75 million.
21/03/09 PTI/Economic Times

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Categories: Airports Mar 2009