Feb 22, 2016
Feb 22, 2016
Indian airports will need to cater for up to 222 million additional passengers over the next 10 years to keep pace with demand, Airports Authority of India (AAI) officials estimate.
Passenger traffic in India grew by 21% in 2015. The AAI plans capital expenditure of approximately USD3 billion in the next five years, mostly on airport development projects.
"India is expecting an annual 8% growth in air traffic in the next few years and infrastructure will have to be in step with this," said SV Satish, AAI executive director of safety.
"We are looking at more joint ventures, of which one government-to government MoU [memorandum of understanding] has already been signed with Singapore," he told IHS Jane's .
Under the MoU, approved by the Indian parliament, Changi Airports International will operate and manage Ahmedabad and Jaipur airports. Teams from Singapore and India will also collaborate on a wide range of other activities, including master planning and design; traffic development; commercial development; service quality improvement; training; cargo-handling; and maintenance, repair, and overhaul.
The AAI capital expenditure plan includes USD125 million on airport systems,...More in Janes Airports Reviw (Subscription-based)
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