New Delhi: With “large number of aspirational Indians” still out of the aviation radar, the Government on Thursday announced its intention to develop new airports in Tier-I and Tier-II cities through both public sector and Public-Private-Partnership mode.
In his maiden budget, Finance Minister Arun Jaitley also increased allocation for Directorate General of Civil Aviation (DGCA) by 40 per cent to take several measures, including initiatives to reverse the downgrading of aviation regulator by the US' Federation Aviation Administration (FAA). DGCA has been allocated Rs 113.13 crore as against Rs 80.71 crore last time.
Jaitley said the scheme for developing more airports in Tier-I and Tier-II cities will be launched through Airports Authority of India (AAI) or PPPs. For AAI, Jaitley has proposed to invest Rs 2,134 crore this fiscal, which is less than 2013-14 allocation of Rs 2,260 crore. However, Rs 1,231 crore was only spent by AAI last year.
10/07/14 Deccan Herald
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In his maiden budget, Finance Minister Arun Jaitley also increased allocation for Directorate General of Civil Aviation (DGCA) by 40 per cent to take several measures, including initiatives to reverse the downgrading of aviation regulator by the US' Federation Aviation Administration (FAA). DGCA has been allocated Rs 113.13 crore as against Rs 80.71 crore last time.
Jaitley said the scheme for developing more airports in Tier-I and Tier-II cities will be launched through Airports Authority of India (AAI) or PPPs. For AAI, Jaitley has proposed to invest Rs 2,134 crore this fiscal, which is less than 2013-14 allocation of Rs 2,260 crore. However, Rs 1,231 crore was only spent by AAI last year.
10/07/14 Deccan Herald
