ws 76 per cent equity in airport projects through the automatic approval route and 100 per cent on a case to case basis. A core group has been set up by the ministry of civil aviation and it includes representatives from the IDFC and ICICI, for organizing finances for new projects. The planning commission has set a target of US $ 817.6 million for airport development during the Ninth plan period, 1997-2002. This includes an investment target of US $ 473.57 million for developing international airports with the emphasis on capacity, demand and augmentation of passenger terminals at the five international airports. The planning commission lays emphasis on capacity augmentation at the terminals in Mumbai, Calcutta, Chennai and Thiruvananthapuram in view of the growth in traffic. The ministry has identified 28 unused airports to be offered to state governments on very attractive terms. These include: Hasan and Mysore in Karnataka Khandwa, Panna, Bilaspur and Satna in Madhya Pradesh Vellore in Tamil Nadu Jhansi and Lalitpur in Uttar Pradesh Tuticorin in Tamil Nadu The AAI, till the year 2002 has projected funds requirement of US $ 831 million for airport infrastructure. These funds are meant for: New terminal buildings at Delhi and Mumbai (US $ 237.4 million ) Cargo complexes at international airports (US $ 35.7 million ) Runways and taxiways at airports other than international (US $ 83.3 million ) New communication/navigation equipment (US $ 166.6 million ) These investments of AAI are in addition to the expected investment of US $ 2.3 billion in each of the two major airport projects at Bangalore and Mumbai Navigational Systems Fingers were pointed towards the adequacy of modern navigational systems at Indian airports after the Charkhi-Dadri mid-air collision in 1996. Nearly US $ 1.2 billion have to be injected till the year 2010 for navigational equipment and navigational programme. The passenger traffic at all airports in India is likel...
