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Airports in India are in for a major overhaul over the next five years with nearly fifty airports being revamped and dedicated cargo airports being planned. In September 2008, the government approved amendments to the Airports Economic Regulatory Authority of India (AERA) bill of 2007. The AERA bill, primarily aims to look at issues in tariff regulation, service levels and increasing competition. It is anticipated that such policy changes and liberalization of air travel services may result in an increase of 5-10 percent in air traffic. At present, airports in India cannot handle this rise. With India hosting the Commonwealth Games in 2010, upgrading airport infrastructure assumes prime importance. This can only be achieved with a thrust on airport privatization.
The government is making all efforts to bring about changes in the framework that governs investments. Today, 100 percent FDI is permissible for existing airports in India; 100 percent FDI under the automatic route is permissible for Greenfield airports; 49% FDI is permissible in domestic airlines under the automatic route; and 100 percent tax exemption has been given to airport projects for a period of 10 years.
This development is not restricted to the metro cities. The government plans to modernize the airports of 35 non-metro cities―Coimbatore, Tiruchi, Thiruvananthapuram, Visakhapatnam, Port Blair, Mangalore, Agatti, and Pune amongst others. Modernization of the large airports in India―Delhi, Mumbai, Bangalore, Hyderabad, Kolkata and Chennai is underway. Apart from these, Greenfield airports at Sindhudurg (Maharashtra), Navi Mumbai, Goa, Pune, Kannur, and Nagpur have also been approved.
- Advisory
- Design and Engineering
- Project Management
- Capacity Building
After years of delay, the first few large-scale airports projects with private participation have kicked off. Some of these are: - Brownfield – Delhi, Mumbai (handed over to private operators).
- Greenfield – Cochin (operational), Bangalore or Hyderabad (under implementation).
A healthy pipeline of projects is visible, through to 2020: - Metro airport upgradation: Rs. 20,000 crore.
- Greenfield airports (under implementation): Rs. 8,500 crore.
- Greenfield airports (drawing board): Rs. 6,600 crore.
- 35 non-metro airports: Rs. 8,000 crore.
A significant proportion of these investments will be in the domain of the private sector. With the benefit of experience or precedence and given its smaller size—the process of project implementation will get smoother and more predictable for downstream projects. | India’s rapid economic growth has led to more passenger & cargo air traffic. There is a strong need to expand major airports and develop new airports. Feedback is devising new strategies to provide cost effective technical solutions for Airports.
| Feedback provides Project Management Consultancy for pavement constructions, air strip extension, new airports, modernization, terminal buildings, utilities and other infrastructure facilities.
| Feedback’s Capacity Building Division designs and implements resettlement and rehabilitation plans for project affected persons.
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