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Uttar Pradesh

Uttar Pradesh Budget: Rs. 1,150 crore Allocated for Noida International Airport

  • 06 Feb 2024
  • 2 min read

Why in News?

The Uttar Pradesh government has allocated Rs. 1,150 crore for the upcoming Noida International Airport at GautamBuddha Nagar in the budget for 2024-25.

Key Points

  • The announcement was made by UP's Finance Minister Suresh Kumar Khanna as he tabled the budget for the fiscal year in the state assembly.
  • Development is underway for phase one of Noida International Airport, which is scheduled to open for commercial operations by the end of 2024.
  • To enhance air connectivity in the state, initiatives are being carried out under Regional Connectivity Scheme (RCS-UDAN) of the Centre and Civil Aviation Promotion Policy of the state government.
  • For air connectivity, selected airports like Aligarh, Azamgarh, Moradabad, Shravasti and Chitrakoot have been developed. Development work of the airports of Mayorpur (Sonbhadra) and Sarsawa (Saharanpur) is in progress.

Ude Desh Ka Aam Naagrik (UDAN)

  • It was launched as a Regional Connectivity Scheme (RCS) under the Ministry of Civil Aviation in 2016.
  • It was formulated based on the review of The National Civil Aviation Policy (NCAP)-2016 and it was planned to remain in force for a period of 10 years.
  • Under this Scheme, Regional Connectivity Fund (RCF) was created, which funds the Viability Gap Funding (VGF) requirements of the scheme through a levy on certain domestic flights.
    • VGF means a grant one-time or deferred, provided to support infrastructure projects that are economically justified but fall short of financial viability.
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