New Delhi: The country’s largest airport operator, Airports Authority of India (AAI), has proposed to spend R17,500 crore during the 12th Five-Year Plan (2012-17), up 40% from the 11th Plan period, in building and upgrading the airport infrastructure.
While AAI plans to fund major chunk of developmental works through internal accruals it expects to get R5,000 crore from the government as gross budgetary support (GBS).
“We have presented our five-year expenditure plan to the ministry (of civil aviation). Major works include upgrade of communication and air navigation systems and sourcing of security equipments,” said an AAI official.
AAI has projected domestic passenger demand to grow to 500 million annually by 2030, requiring dozens of greenfield airport facilities across the country. It plans to build 28 low-cost airports in the next few years besides modernising the existing facilities.
09/11/11 Nirbhay Kumar/Financial Express
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