Airports to become world-class! AAI hikes capital expenditure significantly to upgrade infrastructure

From privatisation of well-served airports to upgrade of the infrastructure at several others, the Airports Authority of India (AAI) has its task cut out if it is to meet the challenges of the world’s fastest growing aviation market. After a successful round of airport privatisation earlier this year, the AAI has set the ball rolling to offload more aerodromes from its kitty in the coming months. At the same time, the authority has significantly raised capital expenditure for airports under its control.

For the next privatisation round, the AAI is looking at airports which have logged significant increase in traffic but whose infrastructure has not kept pace with such growth. According to sources, it is studying around 10 airports that it intends putting on the block under the public private partnership (PPP) model.  Read More

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