AAI hikes spend by 25 per cent on capex

01 Feb 2024 CW Team

Airport Authority of India (AAI) plans to spend Rs.50 billion annually on capital expenditure in the coming years with a strong pipeline of projects, Sanjeev Kumar, Chairman, AAI, said. While new terminals are being built and capacity is being expanded at various airports to handle extra flights, AAI is also working on a roadmap for expansion of Agatti airport in Lakshadweep.

He said that as against the capex target of Rs.40 billion in FY 2023-24, AAI till December 2023 has achieved capex of Rs.34.16 billion. He said that it will be surpassing the target of Rs.40 billion and touch a capex of Rs.50 billion or more. The authority is building new terminals at airports in Patna, Leh, Vijayawada and Tuticorin and has started construction of new terminal buildings in Jodhpur, Udaipur, Jammu and Rajahmundry.

He said that AAI is adding a new terminal building in Hubli, Belagavi and Kadapa Airport. He added that investment proposals to expand the capacity of terminals and airside is also in the pipeline for Keshod in Gujarat, Agra, Ayodhya Phase-II and Varanasi in Uttar Pradesh, Bagdogra in West Bengal and Darbhanga in Bihar.

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