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  Business   In Other News  04 Sep 2018  India to construct 100 airports worth USD 60 billion

India to construct 100 airports worth USD 60 billion

PTI
Published : Sep 4, 2018, 12:45 pm IST
Updated : Sep 4, 2018, 12:45 pm IST

The country's aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth.

India plans to construct 100 airports at an estimated cost of USD 60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister Suresh Prabhu said on Tuesday. (Photo: PTI)
 India plans to construct 100 airports at an estimated cost of USD 60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister Suresh Prabhu said on Tuesday. (Photo: PTI)

New Delhi: India plans to construct 100 airports at an estimated cost of USD 60 billion (about Rs 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister Suresh Prabhu said on Tuesday.

The country's aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth. As many as 100 new airports would be built in the next 10 to 15 years for about USD 60 billion.

These airports are to be constructed through public private partnership, Prabhu said. He said the government is also working on a cargo policy. According to global airlines' grouping IATA, India is expected to overtake Germany, Japan, Spain and the UK within the next ten years to become the world's third largest air passenger market.

Tags: civil aviation, suresh prabhu, iata, air traffic
Location: India, Delhi, New Delhi