AAI spends Rs 17,784 cr in last 5 years to renovate airports
AVIATION & AIRPORTS

AAI spends Rs 17,784 cr in last 5 years to renovate airports

V K Singh, Minister of State for Civil Aviation, told the media on Friday that the Airports Authority of India (AAI) has spent around Rs 17,784 crore during the past five years renovating or building airports across the country.

Singh mentioned in a written reply to Rajya Sabha that the central government has granted in-principle sanction to two greenfield airports -- Hollongi in Arunachal Pradesh and Jewar in Uttar Pradesh -- during the past three years.

He mentioned that an amount of around Rs 17,784 crore had been spent by the AAI in renovating/building airports during the past five years.

Recently, the AAI has awarded six airports. They are Jaipur in Rajasthan, Guwahati in Assam, Mangalore in Karnataka, Ahmedabad in Gujarat, Lucknow in Uttar Pradesh, and Thiruvananthapuram in Kerala for Operations, Management and Development under Public-Private Partnership (PPP) for 50 years.

AAI will be getting back their expenditure to the tune of Rs. 2299 Cr in these six airports. It will also be getting the Per Passenger Fee, indexed to the Consumer Price Index (CPI), from the PPP Partner.

The estimated net benefits accumulating over time to AAI post PPP are more than the net benefits that AAI would have got if it had operated the six airports on its own. AAI is not needed to acquire any CAPEX and OPEX at these airports during the period of the lease.

Image Source


Also read: Kempegowda Airport to get $2.2 bn investment for infra

Also read: Rs 2,890 cr budget for Jewar airport phase 2

V K Singh, Minister of State for Civil Aviation, told the media on Friday that the Airports Authority of India (AAI) has spent around Rs 17,784 crore during the past five years renovating or building airports across the country. Singh mentioned in a written reply to Rajya Sabha that the central government has granted in-principle sanction to two greenfield airports -- Hollongi in Arunachal Pradesh and Jewar in Uttar Pradesh -- during the past three years. He mentioned that an amount of around Rs 17,784 crore had been spent by the AAI in renovating/building airports during the past five years. Recently, the AAI has awarded six airports. They are Jaipur in Rajasthan, Guwahati in Assam, Mangalore in Karnataka, Ahmedabad in Gujarat, Lucknow in Uttar Pradesh, and Thiruvananthapuram in Kerala for Operations, Management and Development under Public-Private Partnership (PPP) for 50 years. AAI will be getting back their expenditure to the tune of Rs. 2299 Cr in these six airports. It will also be getting the Per Passenger Fee, indexed to the Consumer Price Index (CPI), from the PPP Partner. The estimated net benefits accumulating over time to AAI post PPP are more than the net benefits that AAI would have got if it had operated the six airports on its own. AAI is not needed to acquire any CAPEX and OPEX at these airports during the period of the lease. Image Source Also read: Kempegowda Airport to get $2.2 bn investment for infra Also read: Rs 2,890 cr budget for Jewar airport phase 2

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?