2-Feb-2017 10:31 AM

Select Tier 2 city airports to be 'taken up for operation and maintenance in the PPP mode'

India's Ministry of Finance, in its Union Budget 2017/2018, stated (01-Feb-2017) select airports in Tier 2 cities will be "taken up for operation and maintenance in the PPP mode". It also noted: "Airport Authority of India Act will be 19 amended to enable effective monetisation of land assets. The resources, so raised, will be utilised for airport upgradation". The Budget also stated that India is "now in a position to synergise the investments in railways, roads, waterways and civil aviation." On improving regional operations, the Budget notes: "In the civil aviation sector, the Government is drawing up an action plan for revival of unserved and underserved airports. There are about 160 airports and air strips with State Governments which can be revived at an indicative cost of INR50 crore to INR100 crore each. We will partner with the State Governments to develop some of these airports for regional connectivity. Similarly, 10 of the 25 non- functional air strips with the Airport Authority of India will also be developed." [more - original PR - 2017-2018 Demands For Grants] [more - original PR - Budget Speech of 2016-17] [more - original PR - Key Features of Budget 2017-2018] [more - original PR - India Ministry of Civil Aviation: Demand No. 9] [more - original PR - Statement On Subsidies And Subsidy Related Schemes] [more - original PR - Ministry/department Wise Expenditure] [more - original PR - Expenditure Of Ministries And Departments] [more - original PR - Speech of Arun Jaitley Minister of Finance]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More