Insta
New Airport Projects May Be Awarded On Revenue Sharing Basis
Hyderabad International Airport at night
The Centre is planning to put in place a system under which new airports coming up in the country will be awarded on the basis of the revenue sharing. According to a Mint report, airport developers will have to compete to win contracts based on the revenue per passenger to be shared with the authority giving the contract. The current system mandates the sharing of a part of the profit from the venture. This will be fine-tuned after receiving industry feedback.
Minister of State for Civil Aviation Jayant Sinha said that the new policy would make air travel more affordable. India is targeting a billion air passengers by 2033-2038.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
