HomeNewsIndiaAirports sector to see Rs 90,000 crore investments in five years: Civil Aviation Secretary

Airports sector to see Rs 90,000 crore investments in five years: Civil Aviation Secretary

The civil aviation sector, which was battered by the coronavirus pandemic that had also resulted in the suspension of domestic and international flight services, is slowly on the recovery path and the daily domestic air traffic is nearing the pre-COVID level of 4 lakh.

November 24, 2021 / 16:00 IST
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Representative Image
Representative Image

The country’s airports sector is expected to see an investment of Rs 90,000 crore in a five-year period, with nearly Rs 68,000 crore coming from the private players, a senior official said on Wednesday.

The civil aviation sector, which was battered by the coronavirus pandemic that had also resulted in the suspension of domestic and international flight services, is slowly on the recovery path and the daily domestic air traffic is nearing the pre-COVID level of 4 lakh.

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Civil Aviation Secretary Rajiv Bansal said investments totalling Rs 90,000 crore will be made for airports over the five-year period, starting 2020-21.

Out of the total amount, around Rs 20,000-22,000 crore will be invested by the Airports Authority of India (AAI), while the remaining amount of about Rs 68,000 crore would be from the private sector.