AAI to spend around INR 25,000 crores in next five years for expansion and modification of existing terminals!! Ministry of Civil Aviation said that the Airport Authority has taken up a development scheme wherein it will spend Rs 25,000 crores for expansion and modification of existing terminals. Delhi, Hyderabad and Bangalore airports — all public private partnerships airports — have undertaken expansion plans to the tune of Rs 30,000 crores by 2025. Moreover Rs 36,000 crores has been planned for investment in the development of new green-field airports across the country. “Airports Authority of India (AAI) has taken up a development programme to spend around INR 25,000 crores in next five years for expansion and modification of existing terminals, new terminals, expansion or strengthening of existing runways, aprons, Airport Navigation Services (ANS), control towers, technical blocks etc,” stated the ministry in the Rajya Sabha on Monday.
The government has given in-principle approval for 21 Greenfield airports across the country. So far, Shirdi in Maharashtra, Durgapur in West Bengal, Pakyong in Sikkim, Kannur in Kerala, Orvakal in Andhra Pradesh, Kalaburagi in Karnataka, Sindhudurg in Maharashtra and Kushinagar in Uttar Pradesh have been operationalised. The ministry stated that the GST rate for domestic maintenance, repair and overhaul services has been reduced from 18 per cent to 5 per cent.
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