Small Pvt Airports' Capex May Rise 50-60% Annually Over Next 3 Years

However, the overall capex of private airports will slightly slow down by 10-15 per cent to around Rs 40,000 crore over the next three years

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MUMBAI: Capital expenditure (capex) of small private airports is expected to rise 50-60 per cent 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.

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

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

Crisil said its analysis is based on the capex of 11 operating private airports and two soon-to-be-operational private airports, which together account for more than 95 per cent of India's private airport passenger traffic.