Neelam Mathews
Marc 1, 2016
During the annual budget announcement on 29 February 2016, Indian minister of finance Arun Jaitley revealed plans to develop 160 unused airports and airstrips.
The airports will be developed at a cost of USD7 million to USD14 million each, and "10 of 25 defunct airstrips will be developed in partnership with state governments", Jaitley said.
There have been mixed reactions from aviation and finance experts. "If effectively managed, these investments would provide a huge impetus to regional airlines and help in unlocking significant potential in civil aviation. This is likely to be undertaken under the PPP....Read more in Janes Airports Review (Subscription)
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