'Small pvt airports' capex to rise 50-60% annually over next 3 yrs'

CAPITAL EXPENDITURE (CAPEX) of small private airports is expected to rise 50-60% annually over the next three years, driven by capacity expansion on account of a substantial increase in terminal utilisation levels, ratings agency Crisil said on Monday.

- PRESS TRUST OF INDIA

On the other hand, capital expenditure (capex) at large private airports will see a decline during the same period, as much of the capacity expansion has been completed or is nearing completion, it added.

However, the overall capex of private airports will slightly slow down by 10-15% to around ₹40,000 crore over the next three years, as per the ratings agency.