AAI & Other Airport Operators to spend Rs 90,000 Cr till 2024-25 for Modernisation

AAI has leased out six of its airports through PPP for operation, management and development on long term lease basis during the last three years.

AAI & Other Airport Operators to spend Rs 90,000 Cr till 2024-25 for Modernisation
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New Delhi: Expansion/ Modernisation of airports is a continuous process and is undertaken by the Airports Authority of India (AAI) or other airport operators from time to time depending on the availability of land, commercial viability, socio-economic considerations, traffic demand/ willingness of airlines to operate to/ from such airports. 

Minister of State in the Ministry Of Civil Aviation (Gen. (Dr) V. K.Singh Retd) today in Lok Sabha mentioned that AAI and other Airport Operators have targeted a capital outlay of more than Rs 90,000 crore from 2019-20 to 2024-25, for expansion and modification of existing Airport Terminals, constructing new Terminal Buildings, expansion or strengthening of existing runways, aprons, upgrading Airport Navigation Services (ANS), control towers, technical blocks, etc. across several airports in the country.

AAI has leased out six of its airports namely, Chaudhary Charan Singh International Airport (Lucknow), Sardar Vallabhbhai Patel International Airport (Ahmedabad), Mangaluru International Airport, Jaipur International Airport, Lokpriya Gopinath Bordoloi International Airport (Guwahati) and Thiruvananthapuram International Airport through Public Private Partnership for operation, management and development on long term lease basis during the last three years. The criteria for selection of Private Partners for the above-mentioned six airports was the Per Passenger Fee payable to AAI bid by Private Partners.