AAI spends Rs 17,784 cr in last 5 years to renovate airports
AVIATION & AIRPORTS

AAI spends Rs 17,784 cr in last 5 years to renovate airports

V K Singh, Minister of State for Civil Aviation, told the media on Friday that the Airports Authority of India (AAI) has spent around Rs 17,784 crore during the past five years renovating or building airports across the country.

Singh mentioned in a written reply to Rajya Sabha that the central government has granted in-principle sanction to two greenfield airports -- Hollongi in Arunachal Pradesh and Jewar in Uttar Pradesh -- during the past three years.

He mentioned that an amount of around Rs 17,784 crore had been spent by the AAI in renovating/building airports during the past five years.

Recently, the AAI has awarded six airports. They are Jaipur in Rajasthan, Guwahati in Assam, Mangalore in Karnataka, Ahmedabad in Gujarat, Lucknow in Uttar Pradesh, and Thiruvananthapuram in Kerala for Operations, Management and Development under Public-Private Partnership (PPP) for 50 years.

AAI will be getting back their expenditure to the tune of Rs. 2299 Cr in these six airports. It will also be getting the Per Passenger Fee, indexed to the Consumer Price Index (CPI), from the PPP Partner.

The estimated net benefits accumulating over time to AAI post PPP are more than the net benefits that AAI would have got if it had operated the six airports on its own. AAI is not needed to acquire any CAPEX and OPEX at these airports during the period of the lease.

Image Source


Also read: Kempegowda Airport to get $2.2 bn investment for infra

Also read: Rs 2,890 cr budget for Jewar airport phase 2

V K Singh, Minister of State for Civil Aviation, told the media on Friday that the Airports Authority of India (AAI) has spent around Rs 17,784 crore during the past five years renovating or building airports across the country. Singh mentioned in a written reply to Rajya Sabha that the central government has granted in-principle sanction to two greenfield airports -- Hollongi in Arunachal Pradesh and Jewar in Uttar Pradesh -- during the past three years. He mentioned that an amount of around Rs 17,784 crore had been spent by the AAI in renovating/building airports during the past five years. Recently, the AAI has awarded six airports. They are Jaipur in Rajasthan, Guwahati in Assam, Mangalore in Karnataka, Ahmedabad in Gujarat, Lucknow in Uttar Pradesh, and Thiruvananthapuram in Kerala for Operations, Management and Development under Public-Private Partnership (PPP) for 50 years. AAI will be getting back their expenditure to the tune of Rs. 2299 Cr in these six airports. It will also be getting the Per Passenger Fee, indexed to the Consumer Price Index (CPI), from the PPP Partner. The estimated net benefits accumulating over time to AAI post PPP are more than the net benefits that AAI would have got if it had operated the six airports on its own. AAI is not needed to acquire any CAPEX and OPEX at these airports during the period of the lease. Image Source Also read: Kempegowda Airport to get $2.2 bn investment for infra Also read: Rs 2,890 cr budget for Jewar airport phase 2

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?