Business/Economy

AAI plans new terminals worth Rs 4200 cr

AAI plans new terminals worth Rs 4200 cr

Citing and realizing the increased air-passenger traffic, the Airports Authority of India (AAI) is planning expansion at number of its airports with new terminal buildings. This is primarily being realized in Guwahati, Leh, Patna, Trichy, Jabalpur, Vijaywada and Agartala. 


These new terminal buildings are expected to come up at an approximate cost of Rs 4200 crore. The key official informed that the current available capacity at Indian Airports is 282 million passengers per annum, whereas the demand forecast, for 2020-21. is expected to be 396 million passengers per annum.


Apart from creating new terminal buildings in the above cities, additional capacity will also be created for 56 million passengers per annum in AAI airports like Chennai, Lucknow, Dehradun, Pune, Srinagar, Mangalore, jaipur, Goa, Kochi, Port Blair etc, for an estimated cost of Rs 6200 crore.


 A recent report by rating agency Icra pointed that between the period FY14 and FY17, 57 percent growth was recorded in passenger traffic.