CCEA approves development of 50 un-served and under-served air strips

Posted on:08 Mar 2017 09:39:51
CCEA approves development of 50 un-served and under-served air strips
08 March 2017 Current Affairs: The Cabinet Committee on Economic Affairs (CCEA) has approved proposal for revival of 50 under-served/un-served airports or airstrips of the State Governments, Airports Authority of India (AAI) and Civil enclaves. 

The announcement for making adequate provisions for revival of under-served/un-served airports was made by the Union Finance Minister in Union Budget 2016-17. 

The total cost of the revival project is estimated to be Rs. 4500 crore and will be undertaken in three financial years starting from 2017-18. 15 airports/airstrips each would be revived during 2017-18 and 2018-19 each. During 2019-20, 20 airports/airstrips will be revived. The airports will be developed without insisting on financial viability. 

The Revival of airports will be ‘demand driven’, depending upon firm commitment from airline operators as well as from the State Governments for providing various concessions as Airports. It will help in connecting small cities/towns on commencement of operation of flights to under-served and un-served airports.

 It will further boost the economic development in these areas as well as surrounding areas in terms of job creation and related infrastructure development.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

18 JULY
NEWS
17 JULY
NEWS
16 JULY
NEWS
15 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS