Suresh Prabhu launches 3 aviation projects in Andhra Pradesh
The runway at Rajahmundry airport was extended from 1,750 meters to 3,165 meters at a cost of Rs 182 crore, said Suresh Prabhu.
Minister for Civil Aviation Suresh Prabhu opened extended runways at Vijayawada and Rajahmundry airports and laid foundation stone for linear expansion of Visakhapatnam airport terminal building on Tuesday. The minister inaugurated these projects from New Delhi through video conferencing.
The runaway at Vijayawada airport was extended from 2,286 meters to 3,360 meters, which will allow wide-bodied aircraft to land. Airports Authority of India (AAI) Chairman Guruprasad Mahapatra said the project cost Rs 145 crore.
The runway at Rajahmundry airport was extended from 1,750 meters to 3,165 meters at a cost of Rs 182 crore, he said.
The terminal area at Visakhapatnam airport will be increased from 19,800 square meters to 29,050 square meters. With this, the terminal`s peak-hour handling capacity will go up from 700 to 1,050 passengers. On completion of the project, the airport will be able to handle four million passengers per annum.
Speaking on the occasion Prabhu said: "The country has 103 airports and another 100 airports may be added in the next 10-15 years with an estimated investment of $65 billion."
Stating that volume of air passengers had doubled in the last four-and-half years, the minister said expansion of cargo handling facilities would attract more investment in the sector.
The air cargo policy, unveiled on January 15, would further boost the aviation sector, he added.
Watch This Zee Business Video
Prabhu said a meeting with the Asian Development Bank (ADB) was held on Tuesday to create integrated logistics for the country. Over 100 top global players attended the meeting.
Minister of State for Civil Aviation Jayant Sinha said the number of airports that has increased from 75 to 103, in few years would soon cross 150, including airstrips.
Former Civil Aviation Minister Ashok Gajapathi Raju, K. Haribabu, Murali Mohan and Gokaraju Gangaraju (all MPs) were also present.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
10:37 AM IST