Mumbai: The state and Centre have every reason to expedite work on airport-related infrastructure and Metro projects in the city, if the outcome of recent economic impact audit of Mumbai airport is anything to go by.
Additional investment into these big-ticket projects in Mumbai will directly contribute Rs1,450 crore in income to country's gross domestic product during the entire construction phase (2014–15 to 2018–19), reveals the audit by the National Council of Applied Economic Research (NCAER), a leading economic impact research institute.
The Chhatrapati Shivaji International Airport (CSIA), which is considered among the busiest airports in Asia, is being developed under a public-private partnership (PPP).
According to NCAER, in terms of indirect contribution, airport-related construction activities will contribute Rs2,340 crore in income to the GDP during the entire construction phase (2014–15 to 2018–19). It says passenger traffic at CSIA is likely to touch 49 million by 2022–23.
22/02/15 Shahkar Abidi/Daily News & Analysis
Additional investment into these big-ticket projects in Mumbai will directly contribute Rs1,450 crore in income to country's gross domestic product during the entire construction phase (2014–15 to 2018–19), reveals the audit by the National Council of Applied Economic Research (NCAER), a leading economic impact research institute.
The Chhatrapati Shivaji International Airport (CSIA), which is considered among the busiest airports in Asia, is being developed under a public-private partnership (PPP).
According to NCAER, in terms of indirect contribution, airport-related construction activities will contribute Rs2,340 crore in income to the GDP during the entire construction phase (2014–15 to 2018–19). It says passenger traffic at CSIA is likely to touch 49 million by 2022–23.
22/02/15 Shahkar Abidi/Daily News & Analysis
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