Government to develop 25 regional airports:Arun Jaitley

Posted on:06 Apr 2016 18:02:07
Government to develop 25 regional airports:Arun Jaitley
06 April 2016 Current Affairs: To improve air connectivity, the government plans to develop 25 regional airports. The government is looking to develop 15 airstrips owned by the state governments and 10 that are with the Airports Authority of India (AAI).There are around 160 airstrips that are lying unused .According to the minister, AAI would be able to fund itself from the money coming from Delhi and Mumbai airports.The international airports in the national capital and Mumbai are run through public private partnerships, where AAI is a stakeholder.He said the operation and management of some developed airports could be given to private players.The government has been working on ways to bolster aviation sector, especially increasing regional connectivity amid rising number of air passengers.In the draft civil aviation policy, which is in the advanced stages of finalisation, various measures have been mooted for boosting regional air connectivity.The conference on 'Fulfilling India's Potential: How Capital Markets Can Meet Financing Needs' is organised by IFC along with NSE, IIF and Exim Bank. 

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