Aviation sector awaits Rs. 6,000-cr investment

Link Road Connecting NH 24 NH 58 Ghaziabad
In order to provide air connectivity across the country, the Union government is contemplating to investment a staggering sum worth Rs 6,000-cr this fiscal on building 75 regional airports. On this score, the civil aviation ministry will soon send a formal proposal to the Finance Ministry and both have already discussed the matter at a recent meeting, Aviation Ministry sources said, elaborating that the project will be implemented by the Airports Authority of India. The proposal is in line with the government's stated plan to take flying to the masses, by boosting air connectivity to small cities and towns, and subsidizing fares to such destinations.

In his budget announcement, Finance Minister had said that the central government would partner with states to develop some of these airports to improve regional connectivity. These facilities "can be revived at an indicative cost of Rs 50-100-cr each. In view of the fact that each airport cannot be revived in just Rs 100-cr and required more allocation and that the government should look at the viability of an airport before investing money in reviving the air facilities.
Published on 26 April 2016
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