scorecardresearch
Follow Us:
Thursday, August 06, 2020

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. 

By: PTI | New Delhi | Published: September 4, 2018 2:37:26 pm
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.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

Advertisement
Advertisement
Advertisement
Advertisement