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Govt planning third airport in Mumbai
Saturday, 04 October , 2008, 18:28
Last Updated: Saturday, 04 October , 2008, 19:47
Govt planning third airport in Mumbai
Mumbai: With the existing airports in Mumbai running at full passenger capacity, the Government is looking at building a third airport in Navi Mumbai.
"We are looking at building a new airport...Construction work should start by the end of next year or else Mumbai will suffer as the old airports are saturated," the Civil Aviation Minister, Praful Patel, said.
The investment in the new airport is estimated at around Rs 9,000-crore. In the next two years at least one runway should be ready, Patel told reporters here.
On the aviation industry, expected to post huge losses, Patel said that the industry might post a lower loss at around Rs 6,000-crore this year as against the earlier projected Rs 8,000-crore. "If oil rules around $80 per barrel, then airline losses are seen at Rs 6,000-crore, which were earlier seen at Rs 8,000-crore," Patel said.
Fuel prices have shown some decline and the rupee has been losing against the dollar. "So the impact is slightly reduced," he said referring to the losses being in the range of Rs 6,000-crore as against Rs 8,000-crore.
Patel said that the Centre was okay with domestic air-carriers importing fuel from abroad. Indian air-carriers are looking at the option of buying fuel from abroad because domestic fuel is costlier.
"We will be happy if they import fuel to bring down costs since ministries of Finance and Petroleum do not act on any issues supporting the airlines," he said.
There is no ban on importing aviation turbine fuel for self-use, Patel said.
The administaration finally seems to wake up and take action.. I hope the new mumbai airport will be a world class one.
Saturday, 04 October , 2008, 18:28
Last Updated: Saturday, 04 October , 2008, 19:47
Govt planning third airport in Mumbai
Mumbai: With the existing airports in Mumbai running at full passenger capacity, the Government is looking at building a third airport in Navi Mumbai.
"We are looking at building a new airport...Construction work should start by the end of next year or else Mumbai will suffer as the old airports are saturated," the Civil Aviation Minister, Praful Patel, said.
The investment in the new airport is estimated at around Rs 9,000-crore. In the next two years at least one runway should be ready, Patel told reporters here.
On the aviation industry, expected to post huge losses, Patel said that the industry might post a lower loss at around Rs 6,000-crore this year as against the earlier projected Rs 8,000-crore. "If oil rules around $80 per barrel, then airline losses are seen at Rs 6,000-crore, which were earlier seen at Rs 8,000-crore," Patel said.
Fuel prices have shown some decline and the rupee has been losing against the dollar. "So the impact is slightly reduced," he said referring to the losses being in the range of Rs 6,000-crore as against Rs 8,000-crore.
Patel said that the Centre was okay with domestic air-carriers importing fuel from abroad. Indian air-carriers are looking at the option of buying fuel from abroad because domestic fuel is costlier.
"We will be happy if they import fuel to bring down costs since ministries of Finance and Petroleum do not act on any issues supporting the airlines," he said.
There is no ban on importing aviation turbine fuel for self-use, Patel said.
The administaration finally seems to wake up and take action.. I hope the new mumbai airport will be a world class one.
