India to Splurge $12 Billion on Airports as Travel Rebounds
- Modi wants to make the country a world-class connecting hub
- Nation’s carriers have ordered more than 1,400 aircraft
This article is for subscribers only.
India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure.
The world’s fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will invest about $9 billion and state-run Airports Authority of India will bring the rest. It involves greenfield projects, new terminals and the renovation of existing facilities, including former military airfields left over from colonial times.