CCEA approves development of 50 un-served and under-served air strips
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.
Key Facts
- 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.
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Month: Current Affairs - March, 2017