Question: What is the total estimated cost of Project for revival of 50 un-served/ under-served airports?
(a) 4500 crore
(b) 9000 crore
(c) 3000 crore
(d) 2000 crore
Ans: (a)
Related Fact :
- On 6th March, 2017, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi approved the proposal for revival of 50 un-served/under-served airports/airstrips in three financial years starting from 2017-18.
- The total cost of the project is estimated to be Rs. 4500 crore. 15 airports/airstrips each would be revived during 2017-18 and 2018-19 each while 20 airports/airstrips would be revived during 2019-20.
- The Revival of airstrips/airports will be ‘demand driven’, depending upon firm commitment from airline operators as well as from the State Governments for providing various concessions as Airports will be developed without insisting on financial viability.
- The announcement for making adequate provisions for revival of un-served and under-served airports was made by the Finance Minister in Union Budget 2016-17.
- This will facilitate better connectivity and will further boost the economic development in these areas as well as surrounding areas in terms of job creation and related infrastructure development.
Reference:
http://www.ptinews.com/news/8476190_Govt-okays-Rs-4-500-cr-project-to-revive-50-airports-airstrips-