AAI lines up Rs 18k-cr capex plan for 4 years

AAI lines up Rs 18k-cr capex plan for 4 years

FPJ BureauUpdated: Wednesday, May 29, 2019, 11:40 PM IST
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Hyderabad : Airports Authority of India (AAI) has chalked out a programme for upgradation of airports with an expenditure of Rs 18,000 crore in the next four years.

This is even as the civil aviation ministry hopes to move the amendment of the AAI Act, 1994 in the ongoing budget session, a top official of the ministry said on Thursday.

RN Choubey also said the aviation sector in the country needs about 8,000 to 10,000 pilots during the next 5 to 6 years owing to the growth surge in the sector.

“AAI today, has got a capital expenditure plan of about Rs 18,000 crore to be spent in four years for airport upgradations,” he said at a press conference on the sidelines of Wings India 2018, a biennial event on Civil Aviation and Aerospace being held here.

“As far as the amendment of AAI Act is concerned, we hope to move it in the current session and thereafter it is for the parliament (to pass). If the matter is referred to a select committee, it may take a little longer. But if everything goes well I think the amendment should happen in six months. Either in this session or the next, it should be through,” he said.

The Amendment allows AAI to use its land in a liberal way. He said, the Assam government has come forward to provide Rs 100 crore per annum for three years to start international destinations to Southeast Asia under the Udan scheme and the ministry will help the state in conducting bidding process.

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