Tuesday, November 30, 2021

AAI secures developmental projects worth Rs25,000cr over next 5 years; Rs36,000cr investment set for new Greenfield Airports under PPP mode

The Airports Authority of India (AAI) has taken up developmental projects worth around Rs25,000cr over the next five years for expansion and modification of existing terminals, new terminals, expansion or strengthening of existing runways, aprons, air navigation services, control towers, technical blocks etc.

The information was announced by the Minister of State in the Ministry Of Civil Aviation (Dr) V. K. Singh (Retd) in a written reply to a question in Rajya Sabha.

The minister further outlined that three Public-Private Partnership (PPP) airports at Delhi, Hyderabad and Bengaluru have undertaken developmental projects to the tune of Rs30,000cr by 2025.

Further, around Rs36,000cr have been planned for investment in the development of new greenfield airports across the country under PPP mode.

Notably, the government has accorded 'in-principle approval for setting up 21 greenfield airports across the country. So far, eight greenfield airports namely, Shirdi in Maharashtra, Durgapur in West Bengal, Pakyong in Sikkim, Kannur in Kerala, Orvakal in Andhra Pradesh, Kalaburagi in Karnataka, Sindhudurg in Maharashtra and Kushinagar in Uttar Pradesh have been operationalized.

Moreover, under Regional Connectivity Scheme (RCS), also known as the Ude Desh ka Aam Nagrik (UDAN) Scheme, as of 24 Nov 2021, 393 routes have commenced connecting 62 unserved and underserved airports, including 2 water aerodromes and 6 heliports.

30/11/21 IIFL Securities

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