This is an archive article published on September 4, 2018

100 airports worth USD 60 billion to be constructed: Suresh Prabhu

According to global airlines' grouping IATA, India is expected to overtake Germany, Japan, Spain and the UK within the next ten years to become the world's third largest air passenger market.

1 min readNew DelhiSep 4, 2018 02:37 PM IST First published on: Sep 4, 2018 at 02:37 PM IST

Civil Aviation minister Suresh Prabhu. (File)

India plans to construct 100 airports at an estimated cost of USD 60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister Suresh Prabhu said Tuesday.

The country’s aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth.

As many as 100 new airports would be built in the next 10 to 15 years for about USD 60 billion. These airports are to be constructed through a public-private partnership, Prabhu said.

He said the government is also working on a cargo policy.

According to global airlines’ grouping IATA, India is expected to overtake Germany, Japan, Spain and the UK within the next ten years to become the world’s third largest air passenger market.

# Suresh Prabhu