A new international airport will be built near the Indian capital city of New Delhi in the next four to five years, costing an estimated $3.1 billion, the government announced, to meet explosive growth in passenger traffic, reported NDTV.
The Noida International Airport near the national capital will be built from scratch in phases and is expected to cater to 30-50 million passengers per year (MPPA) over the next 10-15 years, the civil aviation ministry said in a statement.
Air travel in India has boomed, and the number of people traveling swelled.
Air traffic at the Indira Gandhi International Airport in Delhi is expected to touch its peak handling capacity of 109 MPPA by 2024, the statement said, highlighting the need for a second airport near the capital city.
The new airport in airport will have one runway in its initial phase, adding three more in subsequent phases.
Most of India’s 40 largest airports will exceed their design capacity within a decade based on projected growth rates, consultancy CAPA estimates.
