What are the benefits of Greenfield airports?

Greenfield airports refer to newly constructed airports built from scratch in areas where no previous airport infrastructure exists. These airports are typically developed on undeveloped land, away from existing urban centers of airports. As per an International Civil Aviation Organisation (ICAO) study, the output multiplier and employment multiplier are 3.25 and 6.10, respectively. This suggests that every Rs 100 spent on air transport contributes to Rs 325 worth of benefits and every 100 direct jobs in air transport results in 610 jobs in the economy.

The development of such airports also has a positive effect on hospitality, tourism, and the local economy.

There is a consistent push by the Government of India towards setting up more greenfield airports in the country with a focus on

–catering to huge passenger air traffic.

–increasing connectivity.

–connecting rural areas.

 

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of ET Edge Insights, its management, or its members

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