India plans spending of Rs 1 trillion to develop airport infrastructure by 2024
AVIATION & AIRPORTS

India plans spending of Rs 1 trillion to develop airport infrastructure by 2024

As reported, in a bid to boost its economic growth, India is considering setting up around 100 airports by 2024 with a dedicated investment of around Rs 1 trillion towards the development of the sector. The proposal also includes the addition of 1,000 new routes which would aid in the connectivity of smaller towns and rural areas. The discussion was part of a meeting that mapped out all infrastructural needs of the country by 2025. 

In tune to the current government’s ambitious USD 5 trillion economy goal, Prime Minister Narendra Modi is actively pushing forward on the required infrastructure growth that will revive the economy of the country. The proposal is reportedly being deliberated with that in the backdrop. 

Reportedly, China is ahead of India in terms of its proposed airport development which amounts to 450 new airports by 2035 – estimated to be around double the number at the end of 2018. 

Additionally, the country might also become home to a plane lease financing business.  The proposal also lists out suggestions to increase the number of locally trained pilots to around 600 a year as well as puts forth a proposal to increase the domestic aircraft fleet by double to 1,200. 

As reported, out of a total of 450 runways, only 75 were operational in the country. This was allegedly due to reluctance from flight authorities to fly on relatively older airstrips in smaller tows. The NDA led government has, however, introduced a subsidy program which partially takes care of losses faced by airlines and sets a cap on fares for remote regions.  This has helped in including 38 airports that are fully functional. 

Apart from this, the country is also planning to use drones. With new policy announcements, the total number of legal drones could amount to a million in the next five years. There will also be the formation of new drone corridors in the coming two years which will allow delivery of goods through drones by 2023. 

As reported, in a bid to boost its economic growth, India is considering setting up around 100 airports by 2024 with a dedicated investment of around Rs 1 trillion towards the development of the sector. The proposal also includes the addition of 1,000 new routes which would aid in the connectivity of smaller towns and rural areas. The discussion was part of a meeting that mapped out all infrastructural needs of the country by 2025. In tune to the current government’s ambitious USD 5 trillion economy goal, Prime Minister Narendra Modi is actively pushing forward on the required infrastructure growth that will revive the economy of the country. The proposal is reportedly being deliberated with that in the backdrop. Reportedly, China is ahead of India in terms of its proposed airport development which amounts to 450 new airports by 2035 – estimated to be around double the number at the end of 2018. Additionally, the country might also become home to a plane lease financing business.  The proposal also lists out suggestions to increase the number of locally trained pilots to around 600 a year as well as puts forth a proposal to increase the domestic aircraft fleet by double to 1,200. As reported, out of a total of 450 runways, only 75 were operational in the country. This was allegedly due to reluctance from flight authorities to fly on relatively older airstrips in smaller tows. The NDA led government has, however, introduced a subsidy program which partially takes care of losses faced by airlines and sets a cap on fares for remote regions.  This has helped in including 38 airports that are fully functional. Apart from this, the country is also planning to use drones. With new policy announcements, the total number of legal drones could amount to a million in the next five years. There will also be the formation of new drone corridors in the coming two years which will allow delivery of goods through drones by 2023. 

Next Story
Infrastructure Transport

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Next Story
Infrastructure Transport

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Next Story
Infrastructure Transport

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?