The Centre will require up to ?3 lakh crore for doubling the airport capacity over the next 10 to 15 years, Minister of State Civil Aviation Jayant Sinha said.
“We will need Rs 2.5-Rs 3 lakh crore for financing airports in addition to the money spent on land acquisition. As a result of that, we need to ensure that we attract investors, both equity and debt, into the airport asset class,” Mr. Sinha told The Hindu.
He said the Centre had done an extensive city-by-city analysis of airport traffic projects and worked out a plan to double the airport capacity over the next 10-15 years.
At present, out of 125 airports managed by Airports Authority of India (AAI), 69 airports receive commercial flights.
The existing airport terminals can handle 25 crore passengers per annum, according to AAI.
Rs. 3,00,000 cr plan afoot to double airport capacity C.J. Anderson Jersey