Friday, May 11, 2018

Government looks to invite US firms for airport development

Mumbai: The government is looking for participation from American companies in the development of airports as it seeks to make the segment more competitive, a top civil aviation ministry official said today.
The US companies are present in a large way in the area of aviation technology in the country, particularly in safety and security.
"One area of cooperation with the US is airport development. We are also looking at inviting the US companies and to provide competition in development of airports," civil aviation secretary RN Choubey said.
The government had recently said it plans to invest close to Rs 1 lakh crore in the next five years for capacity augmentation and development of greenfield airports.
As the civil aviation ministry firms up plans to achieve one-billion passenger trips per annum over the next 15-20 years, junior minister for aviation Sinha had last week said the Airport Authority of India alone would infuse Rs 20,178 crore in the next four to five years for development of infrastructure at 21 airports.
In addition, a capex outlay of Rs 50,000 crore is expected to be infused for the development of greenfield airports such as Navi Mumbai, Jewar in UP and Mopa in Goa, he had said.
10/05/18 PTI/Economic Times