Capex at small private airports to surge 50–60% annually over next 3 years: Crisil
[ad_1] Capital expenditure (capex) at small private airports in India is expected to increase by 50–60 per cent annually over the next three years, driven by capacity expansion amid rising terminal utilisation levels, ratings agency Crisil said on Monday.In contrast, capex at large private airports is projected to decline over the same period, as most of their capacity expansion projects are either completed or nearing completion, the agency added as quoted by news agency PTI.Despite the uptick in investment at smaller airports, the overall capex by private airports is expected to slow marginally by 10–15 per cent to around Rs 40,000 crore over the next three years, according to Crisil.The agency’s analysis is based on the capex plans of 11 operational private airports and two soon-to-be-operational ones, which together account for more than 95 per cent of India’s private airport […]