DELHI, India, 16 March 2022: India’s Ministry of Civil Aviation outlined this week a plan to finance 21 new greenfield airports while improving existing airports over the next five years.
A fund of Rs250,000,000 (USD3,268,910) will support projects linked to existing airports, according to a Press Information Bureau media statement released on Monday.
Based on the substantial growth in airline travel across the
country, the Airports Authority of India’s forecast indicates all-India
passenger throughput growth continuing over the next three years, requiring a
considerable investment in greenfield airport projects to keep pace.
But the authority cautioned the projections are subject to
reassessment given the unpredictable nature of the Covid pandemic and the sharp
increase in aviation fuel prices.
Airports Authority of India will develop existing airports
over the next five years, build new terminals, expand and modify existing
terminals, expand and strengthen existing runways, aprons, Airport Navigation
Services (ANS) infrastructure and control towers.
Public-Private Partnership airports at Delhi, Hyderabad and Bengaluru are undertaking major expansion projects costing around Rs300,000,000 (USD3,922,692) by 2025. Additionally, Rs360,000,000 (USD4,707,450) will be invested in new greenfield airports under the PPP model.
The government has approved the setting up of 21 greenfield
airports across the country. So far, eight have been identified, namely,
Sindhudurg and Shirdi in Maharashtra, Durgapur in West Bengal, Pakyong in Sikkim,
Kannur in Kerala, Orvakal in Andhra Pradesh, Kalaburagi in Karnataka and
Kushinagar in Uttar Pradesh.
The Ministry of Aviation also confirmed that the Under
Regional Connectivity Scheme 405 routes connecting 65 airports (including eight
heliports and two water aerodromes) were operational as of 8 March 2022. Also,
domestic airline capacity is back to pre-Covid times.