Home » Key private airports need Rs 27,000 crore for capacity expansion, says CRISIL

Key private airports need Rs 27,000 crore for capacity expansion, says CRISIL

Key private airports need Rs 27,000 crore for capacity expansion, says CRISIL
The four major private airports would require an investment of Rs 27,000 crore for expanding their existing capacities — which has reached saturation point, by 2021, according to a recent report. New Delhi, Mumbai, Hyderabad and Bengaluru cater to nearly 55 per cent of the country’s total air traffic. These airports are operating at “near-full capacity” and will need to spend heavily on expansion through 2021, said a recent report released by ratings firm CRISIL.
“Because of surging footfalls and high capacity utilisation of over 90 per cent, we estimate the four airports would need to invest Rs 27,000 crore for expansion,” said CRISIL Ratings President Gurpreet Chhatwal.
However, the credit quality of these international airports will remain healthy because of business model strength backed by robust traffic growth and “predictable cash flows under a regulated tariff framework”, the ratings outfit said.
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