New Delhi: Indian airports, which include private as well as government-run aerodromes, have set a capital expenditure (capex) target of Rs 19,587 crore for the ongoing financial year.
If achieved, this will boost passenger-handling capacities.
The seven Adani-run airports — Ahmedabad, Guwahati, Mangaluru, Lucknow, Jaipur, Trivandrum and Navi Mumbai — have set a capex target of Rs 7,426 crore for FY24. This is according to the data shared by the ministry of civil aviation.
The country has more than 140 airports.
This planned capex will assist the Indian carriers — that plan to add more than 130 planes in FY24 — to handle the country’s air traffic boom.
In the first quarter of FY24, these seven Adani-run airports had set a capex target of Rs 1,386 crore. However, their actual capex in Q1 fell short by 6.5 per cent, according to data.
Noida international airport’s capex target for Q1 stood at Rs 522 crore. However, its actual capex in Q1 fell short by 33.7 per cent, according to the ministry data. When asked about this data, Noida International Airport replied: “Construction activity for the Noida International Airport has met all milestones, according to the concession agreement. We look forward to welcoming passengers at the airport by the end of 2024, as planned.”
Zurich Airport International won the bid to build and operate the Noida International Airport at Jewar in November 2019. The airport is around 70 km from Delhi.
The first phase of the airport must be operationalised by 2024-end, according to the concession agreement signed between Zurich Airport International and the Uttar Pradesh government.
Hyderabad International Airport’s capex target for Q1 was Rs 321 crore but its actual capex was Rs 196 crore during the time period.
11/07/2023 Deepak Patel/Business Standard
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