The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the proposal for revival of 50 un-served/under-served airports/airstrips of the state governments, Airports Authority of India (AAI) and civil enclaves in three financial years starting from 2017-18.
Tag: Airports
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44 airports have potential for operations under UDAN | FICCI
About 44 airports across the country have high potential for operations under the Regional Connectivity Scheme (RCS) for civil aviation, UDAN, according to a report from industry body FICCI.
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Making Indian Infra Work
Though Public-Private Partnership contracts are the mainstay of infra projects, evidence of PPP performance in terms of value-for-money and efficiency is mixed and often unavailable, says Sangeeta Lakhi, Senior Partner, Rajani Associates.
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UDAN to promote regional connectivity
The Ministry of Civil Aviation (MoCA) launched the Regional Connectivity Scheme (RCS)-UDAN in October 2016, to promote regional air connectivity in the country including the North-Eastern region and creating additional infrastructure by revival of un-served and under-served airports/airstrips.
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Number of airports to double in 2-3 years
The Centre plans to double the number of airports in the country over the next two to three years to serve the largely untapped domestic aviation industry which has seen an increase in passengers, Minister of State for Civil Aviation, Jayant Sinha has said.
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Airports Authority of India launches a cargo subsidiary
State-owned airports operator Airports Authority of India (AAI) has launched a cargo subsidiary.
The company, to be called AAI Cargo logistics and Allied Services Company Ltd, will be 100 per cent owned by AAI. It will have an equity base of Rs 20 crore and staff strength of 60 people to begin with.
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22 airports to get connected under connectivity scheme
The Airports Authority of India (AAI) Chairman G P Mohapatra has told media persons that 22 airports will get connected under the regional connectivity scheme, under the first phase.
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Hidden Benefits
Notwithstanding the tremendous potential to expand revenues, general lack of awareness about the benefits of using geosynthetics might delay projections set by firms in the sector. However, despite challenges, growth is eventually inevitable.
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DMICDC and IIFCL sign MoU for cooperation on infrastructure projects
The Delhi Mumbai Industrial Corridor (DMIC) has received another major boost with the government-owned India Infrastructure Finance Company Limited (IIFCL) offering its support for the financing and development of viable infrastructure projects.
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Govt to set up 50 regional airports
The Centre will set up 50 regional airports over the next three years, according to Civil Aviation Minister Ashok Gajapathi Raju. “We estimate about 50 new regional airports to come up in the next three years. Ten of them would be ready by the end of this year,” Gajapathi Raju told BusinessLine newspaper.