Restrictions On Use Of Indian Air Space Eased; 3 Airports Bid For Operation And Maintenance On PPP Basis

Mumbai: While unveiling the fourth tranche of the stimulus 20 lakh crore package, Nirmala Sitharaman has stated that restrictions on the utilisation of Indian Air Space will be eased and 60% of Indian airspace will be freely available for civilian flying.

“Restrictions on the utilisation of Indian Air Space will be eased so that civilian flying becomes more efficient. Will bring a total benefit of Rs. 1000 crores per year for the aviation sector,” said Sitharaman while addressing the media.

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Optimal utilisation of the Airspace will save time and there will also be a reduction in the fuel use. There will be a positive impact on the environment, she added.

While the Airports Authority of India (AAI) has awarded 3 airports out of 6 for operation and maintenance on Public-Private Partnership (PPP) basis. 6 more airports are identified for the second round of bidding, and through PPP there will be more world-class airports.

Additional investment by private players in 12 airports in first & second rounds expected around Rs 13,000 crores,” said Sitharaman.

In the third round, another 6 airports will be put out for bidding.

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