India plans to construct 100 airports worth $60bn: Suresh Prabhu
India plans to construct 100 airports at an estimated cost of $60 billion (about Rs. 4.2 lakh crore) in the next 10 to 15 years, Civil Aviation Minister, Suresh Prabhu said today. The country's aviation sector is one of the fastest-growing in the world and has recorded 50 months of double-digit traffic growth. Prabhu said the government is also working on a cargo policy.
India expected to overtake Germany, Japan within next 10 years
"As many as 100 new airports would be built in the next 10 to 15 years for about $60 billion. These airports are to be constructed through a public-private partnership," Prabhu said. 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.
