Cabinet Clears Airport Projects Worth Rs.2,962 Crore
AVIATION & AIRPORTS

Cabinet Clears Airport Projects Worth Rs.2,962 Crore

The Union Cabinet has approved two major airport development projects in West Bengal and Bihar, with a combined investment of ?2,962 crore. These projects aim to enhance air connectivity and infrastructure in the eastern region, supporting economic growth and improving accessibility.

Key Highlights:

Project Locations: The approved projects are located in Bihar and West Bengal, two key states in eastern India. These regions have been identified for infrastructure upgrades to meet the growing demand for air travel and support regional development.

Investment and Funding: The total investment for these projects is estimated at ?2,962 crore. The funding will come from a mix of central government allocations, state contributions, and private sector participation, reflecting a collaborative approach to infrastructure development.

Airport Upgrades: The projects involve the expansion and modernization of existing airport facilities, including terminal upgrades, runway extensions, and the installation of modern navigational and safety equipment. These upgrades are designed to accommodate larger aircraft and increased passenger traffic, ensuring that the airports can meet future demands.

Economic Impact: The development of these airports is expected to have a significant positive impact on the local economy. Enhanced air connectivity will facilitate trade, tourism, and investment, creating jobs and stimulating economic activities in the surrounding regions.

Government Initiatives: The approval of these projects is in line with the government's broader focus on improving infrastructure across the country. The initiatives are part of the UDAN (Ude Desh ka Aam Naagrik) scheme, which aims to make air travel affordable and widespread, particularly in underserved regions.

Strategic Importance: Both Bihar and West Bengal are strategically important due to their geographic locations and economic potential. Improved air connectivity in these states will also enhance their integration with other parts of India and boost their roles as regional hubs.

Timeline and Implementation: The projects are expected to be completed within a few years, with phased implementation to minimize disruptions. The government will closely monitor the progress to ensure timely completion and effective utilization of resources.

These airport projects reflect the government's commitment to improving infrastructure in eastern India, promoting regional growth, and making air travel more accessible to the general public.

The Union Cabinet has approved two major airport development projects in West Bengal and Bihar, with a combined investment of ?2,962 crore. These projects aim to enhance air connectivity and infrastructure in the eastern region, supporting economic growth and improving accessibility. Key Highlights: Project Locations: The approved projects are located in Bihar and West Bengal, two key states in eastern India. These regions have been identified for infrastructure upgrades to meet the growing demand for air travel and support regional development. Investment and Funding: The total investment for these projects is estimated at ?2,962 crore. The funding will come from a mix of central government allocations, state contributions, and private sector participation, reflecting a collaborative approach to infrastructure development. Airport Upgrades: The projects involve the expansion and modernization of existing airport facilities, including terminal upgrades, runway extensions, and the installation of modern navigational and safety equipment. These upgrades are designed to accommodate larger aircraft and increased passenger traffic, ensuring that the airports can meet future demands. Economic Impact: The development of these airports is expected to have a significant positive impact on the local economy. Enhanced air connectivity will facilitate trade, tourism, and investment, creating jobs and stimulating economic activities in the surrounding regions. Government Initiatives: The approval of these projects is in line with the government's broader focus on improving infrastructure across the country. The initiatives are part of the UDAN (Ude Desh ka Aam Naagrik) scheme, which aims to make air travel affordable and widespread, particularly in underserved regions. Strategic Importance: Both Bihar and West Bengal are strategically important due to their geographic locations and economic potential. Improved air connectivity in these states will also enhance their integration with other parts of India and boost their roles as regional hubs. Timeline and Implementation: The projects are expected to be completed within a few years, with phased implementation to minimize disruptions. The government will closely monitor the progress to ensure timely completion and effective utilization of resources. These airport projects reflect the government's commitment to improving infrastructure in eastern India, promoting regional growth, and making air travel more accessible to the general public.

Next Story
Real Estate

Indian Real Estate Sector Sees Highest Capital Inflow in Seven Years

Equirus Capital, a leading full-service investment banking firm, has reported that India’s real estate sector has witnessed its highest capital inflow in seven years, with funds raised reaching ₹23,080 crore across 12 deals.According to Equirus Capital’s analysis, the cumulative capital raised by the sector since FY18 stands at ₹72,331 crore. Of this, Real Estate Investment Trusts (REITs) accounted for the largest share at ₹31,241 crore, followed by large-cap real estate companies at ₹20,437 crore, mid-cap players at ₹12,496 crore, and small-cap firms contributing ₹8,156 crore...

Next Story
Real Estate

India’s Flex Office Market Set for Record Growth

myHQ by ANAROCK, India’s largest workspace discovery and flexible office solutions platform, has released its Flex Office Market in India 2025 Report, revealing that India is set to become the Asia-Pacific region’s largest flexible office market. The report highlights how flexible workspaces have become a mainstream component of India’s commercial real estate, capturing a growing share of national leasing activity.“Flexible workspaces have evolved from a cost-optimisation tool to a strategic necessity,” said Utkarsh Kawatra, CEO and Co-Founder, myHQ by ANAROCK. “Average corporate d..

Next Story
Real Estate

India Defies Regional Slowdown; Office Leasing on Track for Record High in 2025

India’s office market continues to outperform the broader Asia-Pacific region, emerging as a key growth driver amid regional headwinds, according to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report. With 8.8 million sq. ft. transacted in the third quarter alone, leasing momentum remains robust. Full-year volumes across Bengaluru, NCR, and Mumbai are projected to reach 50 million sq. ft., surpassing the previous record of 41 million sq. ft. set in 2024.The surge has been fuelled by sustained leasing from Global Capability Centres (GCCs) and renewed activity from third-party IT s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?