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India Lags Behind in Airports Projects

: Feb 6, 2014 - : 9:22 am

Airports projects in India account for just 1% of US$385 billion dollar worth airport development works which are underway around the world, according to a Centre for Asia Pacific Aviation’s recent report.
Aviation experts say the slow pace of airport growth in India is owing to lower than expected growth in non metro and regional airports, financial crisis in airlines and policy inaction by government.
The CAPA report says that airport  projects worth US$115 billion are being planned or in progress in Asia with China taking the lead in construction. Sixty nine regional airports are under construction in China and will be complete by 2015. Other countries showing fast growth are Oman, Saudi Arabia and Turkey.
Other cities in India’s neighbourhood like Dubai and Singapore  which look up to India as important source markets are also investing heavily in airports. Singapore is planning a fifth terminal for Changi airport (fourth terminal will be complete by 2017) to increase airport capacity to 135 million passengers per annum by mid-2020s. Dubai is executing US$34 billion Dubai World Central project which will involve construction of five runways and capacity to handle 160 million passengers a year.

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