Left Menu
Development News Edition

AAI to invest Rs 25,000 crore on infra upgradation: Chairman Arvind Singh

The newly appointed chairman of Airports Authority of India (AAI) Arvind Singh on Thursday revealed to have a major infrastructure upgradation plan for next five years involving a whopping investment of Rs 25,000 crore.


AAI to invest Rs 25,000 crore on infra upgradation: Chairman Arvind Singh
AAI chairman Arvind Singh speaking to ANI in New Delhi on Thursday. Photo/ANI. Image Credit: ANI

By Ravi Khandelwal The newly appointed chairman of Airports Authority of India (AAI) Arvind Singh on Thursday revealed to have a major infrastructure upgradation plan for next five years involving a whopping investment of Rs 25,000 crore.

"We need a huge amount of investment -- several billions of dollars - to ensure holistic infrastructure upgradation in the aviation sector across the country. We will invest about Rs 25,000 crore to augment facilities and infrastructure at the airports during the next five years," said Singh during an exclusive interview to ANI here. Talking about the growth in the number of flyers over the years, Singh said: "Currently we are handling 315 million passengers. It is expected that an additional 550 million passengers will be augmented, which takes the total traffic to around 900 million passengers. We have to go for capacity building accordingly."Commenting on the UDAN scheme, he said: "We are working on this scheme, which aims at building airports in unconnected regions of the country. The plan is to double the number of airports in the country. The major challenge under the UDAN scheme is that many routes have been awarded, but the bidders have not come to operationalise the routes. There is also a challenge to find newer routes."

UDAN or 'Ude Desh Ka Aam Nagrik' is a regional connectivity scheme launched by the Central government that aims to make unserved or underserved airports in small cities operational with regular flights, and offer subsidised airfares to encourage more people to fly. On being asked about the privatisation of airports and the role of AAI, Singh said: "Privatisation is not new. The first privatisation bid was made when Mumbai and Delhi airports were privatised in 2005-06."

"The Greenfield airports were built by private players at Bengaluru, Hyderabad, and so on. Durgapur airport in West Bengal was built by a private player. Last year, the AAI recommended the Centre to privatise six more airports -- Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy," he said. "The process of privatisation helps reduce the cost of AAI. We are able to get revenues from the airports without deploying manpower. We are able to direct the funds towards unserved areas," Singh added.

Appreciating the growth in air traffic at Tier-II and Tier-III cities, Singh said: "The response we are getting from the state governments is tremendous. The growth rate of air traffic is double or triple as compared to the national pace of growth." (ANI)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Future of Food: Technology fostering the road to global food security

Technological innovation can help address most of the pressing issues facing the world today including food security by enhancing productivity, improving financial services, managing resources, addressing environmental concerns, etc....

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Now it’s a war, Uganda deploys army to combat locust swarms

Its for the first time after 1986, the locust swarms have attacked Uganda twice in a season. With the increasing number of countries of Africa under attack by locust swarms, the problem seems to have taken a regional paradigm. Its very diff...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Videos

Latest News

Germany is at start of coronavirus epidemic

Germany is at the beginning of a coronavirus epidemic after new cases sprung up which can no longer be traced to the viruss original source in China, Health Minister Jens Spahn said on Wednesday. He urged health ministries in Germanys feder...

Paramilitary personnel provide security cover for last journey of man killed in Delhi clashes

Amid an eerie calm in northeast Delhis Shiv Vihar, where violence raged over the last three days, 26-year-old Rahul Solankis body was taken to a crematorium by his distraught kin and armed paramilitary personnel on Wednesday. Solanki, who w...

Iraq bans public gatherings and travel to nine countries amid coronavirus fears

Iraq banned all public gatherings and banned travellers from Kuwait and Bahrain from entry, the health minister said on Wednesday, taking the total number of countries on the entry ban list to nine amid growing fears over the spread of the ...

GLOBAL MARKETS-Wall Street leads stocks higher, oil falls as virus concerns linger

Gains on Wall Street led stocks across the globe higher on Wednesday, a rebound from a sharp selloff linked to coronavirus worries, but other financial markets felt nagging pressure from concerns over how the disease will affect the global ...

Give Feedback