Govt lines up 275,000 mn for airport upgrade till FY26
27 Apr 2023
2 Min Read
CW Team
The Centre has allocated almost $275 million to support airport infrastructure projects, which
prominently include the development of new airports, the addition of passenger terminals, the
improvement of runways, the construction of taxiways, and the development of new ATC towers.
This is in line with the recent launch of UDAN 5.0, a regional connectivity programme that would
improve air access to non-metro airports by changing regulations.
Before the middle of 2024, more than 70 projects totaling 180 million dollars are expected to be
finished. The projects include creating a greenfield airport at Hirasar (Rajkot), extending terminal
buildings in Surat and Goa, expanding the civil enclave at the airport in Gwalior, and erecting an ATC
tower in Kolkata, among others.
According to a study by the Ministry of Civil Aviation (MoCA), development on a greenfield airport in
Dholera, Ahmedabad is now underway and is anticipated to be finished by December 2025.
Modernization of the Chennai airport (Part-2 of Phase-II) would be finished by July 2025. According
to the report, the government finished 33 projects worth a total of 28,070 million in 2022.
At least 16 more projects, totaling $64,050 million in investment, are in the planning stages. These
include the development of new integrated terminal buildings in Srinagar and Udaipur, a new
domestic terminal in Bhubaneswar, an extension of the terminal building in Rajamundry, a
greenfield airport in Kota, among other projects.
180 (underserved and unserved) airports have been designated under the UDAN scheme for flight
operations by FY24, comprising 25 water-aerodromes and 40 helipads/heliports.
The Centre has allocated almost $275 million to support airport infrastructure projects, which
prominently include the development of new airports, the addition of passenger terminals, the
improvement of runways, the construction of taxiways, and the development of new ATC towers.
This is in line with the recent launch of UDAN 5.0, a regional connectivity programme that would
improve air access to non-metro airports by changing regulations.
Before the middle of 2024, more than 70 projects totaling 180 million dollars are expected to be
finished. The projects include creating a greenfield airport at Hirasar (Rajkot), extending terminal
buildings in Surat and Goa, expanding the civil enclave at the airport in Gwalior, and erecting an ATC
tower in Kolkata, among others.
According to a study by the Ministry of Civil Aviation (MoCA), development on a greenfield airport in
Dholera, Ahmedabad is now underway and is anticipated to be finished by December 2025.
Modernization of the Chennai airport (Part-2 of Phase-II) would be finished by July 2025. According
to the report, the government finished 33 projects worth a total of 28,070 million in 2022.
At least 16 more projects, totaling $64,050 million in investment, are in the planning stages. These
include the development of new integrated terminal buildings in Srinagar and Udaipur, a new
domestic terminal in Bhubaneswar, an extension of the terminal building in Rajamundry, a
greenfield airport in Kota, among other projects.
180 (underserved and unserved) airports have been designated under the UDAN scheme for flight
operations by FY24, comprising 25 water-aerodromes and 40 helipads/heliports.
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..