1. Set to soar

Set to soar

Singapore’s Changi Airport will begin with Ahmedabad, Jaipur

By: | Published: December 15, 2015 12:48 AM

After roads and railways, the NDA government has got to revamping airports. When it scrapped the privatisation of Chennai, Kolkata, Ahmedabad and Jaipur airports in August, it seemed that airport development had ground to a halt. Now, under an MoU signed between the Airports Authority of India and the Singapore Cooperation Enterprise, Changi Airport will be involved in the design, planning, traffic and commercial development, service quality, operations and management of the Ahmedabad and Jaipur airports. The Indian aviation space is hot. During January-October 2015, over 66 million people flew, a 20% rise over the 55 million in 2014 during the same period.

India, with 367 million passengers, is slated to emerge as the world’s third-largest market after China and the US by 2034. A PwC report states the annual increase in Indian airport infrastructure will be 15.4%, around $14 billion over the next decade. Depending on the success of Changi, expect other large airport operators to seek entry.

The government also wants airports to utilise their land to generate solar power. Kochi airport’s solar power plant is already generating 50,000-60,000 units of electricity daily. Bhubaneswar, Gaya, Madurai and Varanasi are slated to start solar power generation by February 2017. The idea is to make airports energy neutral.

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Tags: Aviation

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