Government plans to take up 50 airport development projects in 5 years
India's aviation sector is set for a major boost with government plans to undertake 50 airport development projects in the next five years, including new constructions and significant upgrades to existing facilities. Civil Aviation Secretary Vumlu...
Civil Aviation Secretary Vumlunmang Vualnam on Wednesday said efforts are being made in a holistic manner to develop the aviation ecosystem, including supporting airlines and scaling up flying training organisations.
In five years, the plan is to have 50 airport development projects.
This will include new airports as well as significantly enhancing existing airports, he said.
While emphasising that the government is focused on Public Private Partnership (PPP) for development of airports, the secretary said there is also a "well-oiled mechanism" for land acquisition for airport projects.
Land for airports are provided by the respective state governments.
He was speaking at the ACI Asia Pacific & Middle East Regional Assembly in the national capital.
Airports Council International (ACI) represents airports.
An analysis by ACI Asia Pacific & Middle East showed that capital expenditure worth USD 240 billion will be required for brownfield and greenfield airports in the region.
India is one of the world's fastest growing civil aviation markets.
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