PROJECT REPORT ON FINANCING OF AIRPORT INFRASTRUCTURE

ankitgokani

MP Guru
Airports play a vital role in the development of Industry and Commercial trade as they offer crucial services for transportation of goods and passengers from one place to another. They are also essential for domestic and international tourism, where limitation of time is the key factor. While airports play catalyst to economic development, the economic developments in turn generate demand for the former. As a result, the aircraft fleets of airlines are growing at a rapid speed with improved technology with regard to speed, time, capacity, etc., to cater to ever-increasing demand. To provide impeccable service, the airports also need infrastructural development. Thus, continuous improvement of airports needs airport management for planning, developing and operating efficiently and profitability to meet the present and future need of air travel; both, domestic and international.

Airports also represent the country's door to the world. Passengers form their first impression about a nation from the condition of its airports. They can be effectively used as a symbol of national pride, if sufficient attention to their quality and up-keep is paid.

Indian airports have been facing an infrastructural bottleneck since independence. A majority of airports was constructed during the Word War (1972) primarily to meet the contingent and defence requirements. Hence, they were not adequate to handle commercial traffic. These airports were opened for commercial operation in 1950, but till 1972, no major changes were envisaged in the field of airports, as the airports were under control of the Director General of Civil Aviation.
 

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