Airports sector to see Rs 90000 cr investments in five years: Civil Aviation Secy | Rs 90000 cr investment will come in airport sector in 5 years: Civil Aviation Secretary

Rs 90000 cr investment will come in airport sector in 5 years: Civil Aviation Secretary

Highlights

  • The airport sector is expected to attract an investment of Rs 90,000 crore in five years.
  • The civil aviation sector affected by the corona virus epidemic is slowly on the path of return.
  • Out of the total amount, about Rs 20,000-22,000 crore will be invested by AAI.

New Delhi: The country’s airport sector is expected to attract an investment of Rs 90,000 crore in five years. Out of this, investment of Rs 68,000 crore will come from private companies. A senior official gave this information on Wednesday. The civil aviation sector, hit by the coronavirus pandemic, is on a gradual return path with daily domestic air traffic nearing the pre-Covid level of four lakh. Domestic and international flight services were also suspended due to the pandemic.

Civil Aviation Secretary Rajiv Bansal said that a total investment of Rs 90,000 crore will be made for airports over a period of five years starting from 2020-21. He said out of the total amount, about Rs 20,000-22,000 crore would be invested by the Airports Authority of India (AAI), while the remaining amount of about Rs 68,000 crore would come from the private sector.

The government expects 220 airports to be operational in five years, including heliports. There are currently 136 airports in operation in the country, and work is underway at several airports. Prime Minister Narendra Modi will lay the foundation stone of the new airport at Jewar in Uttar Pradesh on Thursday.

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