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 Points
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.
Current Affairs 6th March, 2017 Current Affairs Round Up Bullet Points, February, 2016
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