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Delhi Airport to Soon Invest Rs. 9000 Crore: Vice President Venkaiah Naidu

Vice President M. Venkaiah Naidu called for greater investment to improve the country's infrastructure and said that the Delhi airport will soon be investing nearly Rs. 9,000 crore.

He was speaking here after unveiling two publications about Delhi airport. “I am given to understand that since GMR took over this airport, the number of air traffic movements has gone up by 250 per cent, passenger numbers have gone up by 400 per cent. Connectivity is the key to economic growth,” Naidu said.

The airport is operated by DIAL — a consortium of GMR Group, Airports Authority of India (AAI) and Germany’s Fraport. The GMR group-led consortium began operating the aerodrome in 2006.

 

GMR Airports Executive Director I Prabhakara Rao said an investment of Rs 9,000 crore would be made at Delhi airport in three to three-and-a-half years. The airport handled 63.5 million passengers in 2017-18 and has around 1,300 flight movements every day. “The airport employs over 1 lakh people directly and another 5 lakh people indirectly,” he added.

 

GMR Group Chairman G M Rao said that the Delhi airport is estimated to cross 80 million passengers annually by 2020 and surpass Heathrow airport.

The Vice President unveiled two publications — ‘The Economic Impact of Delhi Airport’ and a Coffee Table Book on 10-year journey of Delhi airport. The Economic Impact Study has been done by the National Council for Applied Economic Research. As per the report, the airport is expected to generate employment for over 40 lakh people, including indirectly, by 2025-26.

“The impact on value added after taking into account direct, indirect and induced effects will work out be Rs 2,40,356 crore by 2025-26 (equivalent to 0.60 per cent of estimated national GVA),” an spokespersons of DIAL said.

 

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