Plans For New NCR Airport Weighed Down By Issues
Tuesday, 30th June 2015 at 10:53am
India's civil aviation ministry intends to put up a new airport within the NCR but plans are being delayed by issues coming from all directions.
Existing laws dictate that additional airports should maintain a 150 km aerial distance from existing ones. This ruling has impact on the proposed new airport intended to be put up in Gautam Budh Nagar which is bounded to the north by Delhi where the Delhi International Airport stands.
Also, investors are wary of investing in projects where recovery of investment takes too long to attain. For this project, land acquisition costs may reach sky high and this will needlessly extend the period of recovering investments.
Opposing views from other political parties could also have negative impact on government's plan to lure investors to take part in public-private partnerships (PPP).
Currently, building another airport near Delhi International Airport is being opposed by some sectors who believe that it is more practical to just expand the Delhi Airport.
Delhi Airport can accommodate more than 60 million visitors. This is over and above the 40 million visitors that actually use said airport facility. Moreover, GMR group which holds more than 60 percent stake in Delhi Airport could put up a new runway and airport terminal should there be a need to further increase capacity.
Despite all these hurdles, the ministry has reportedly approved the project in principle and that same will be elevated to cabinet members for proper deliberation.
By: Pete Lee.