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Investors - MAY 9, 2019

India plans to construct 200 airports by 2040

by Andrea Zander

India Civil Aviation Ministry has plans to have 190–200 airports by 2040 as passenger traffic is expected to grow by six times to 1.1 billion by 2040. The plan is titled Vision 2040.

Construction of new airports will require an investment of approximately $40 billion to $50 billion, excluding land acquisition cost.

Delhi and Mumbai will have three international airports each, while the top 31 Indian cities will have two operational airports each.

India became the seventh-largest aviation market with 187 million passengers in 2017–2018. It is expected to become the third largest by 2022, competing with the United States for second place.

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