India to spend $12bn on airports in next two years to meet demand

India will spend about $12bn over the next two years on airports to meet the resurgent travel demand. India aims to boost the number of airports to 220 by 2025 from the current 148. As for the airport infrastructure investment, private players will invest about $9bn while the remaining $3bn will come from the state-run Airports Authority of India. The new infrastructure includes greenfield projects, new terminals and the renovation of existing facilities, including former military airfields left over from colonial times. Boeing forecasts India’s passenger traffic will grow at a rate of nearly 7% annually, compared with 4.9% in