‘India needs $40 bn for developing airports’

New Delhi: India will require $40 billion (over Rs 2 lakh crore at a rate of Rs 55 to a dollar) in developing its airports by 2025 to meet the needs of its growing air passenger traffic, Centre for Asia Pacific Aviation (CAPA) has said in its report.
“Our projections show that airport passenger traffic will grow from 143 million in 2010-11 to 452 million by 2020-21. Over the same period the scheduled airline fleet is expected to grow from 430 to 1,030 aircraft, while general aviation could see even faster growth from 750 to over 2,000 aircraft,” CAPA has projected, basing it on a gross domestic product growth of 8 per cent per annum.
Taking an optimistic view of the country’s air passenger growth scenario, the aviation think tank has said that the recent slowdown in growth is a short-term phenomenon.
20/08/12 Indian Express

To Read the News in full at Source, Click the Headline

Categories: airports Aug 2012