Friday, August 23, 2024 Russia is embarking on a significant airport infrastructure modernization program aimed at enhancing domestic tourism and supporting the growth of its aviation industry. The ambitious plan involves developing 129 airfields across the country by 2030, including the construction of new airports and the modernization of existing facilities. Key Points: Extensive Infrastructure Development: The modernization program includes reconstruction, new construction and capital repairs for 129 airfields.

Significant Investment: The total investment for this project is estimated at RUB381 billion, with both federal funding and private investment contributing. Focus on Domestic Travel: Russian carriers have seen a steady increase in domestic passenger traffic, and the airport development plans aim to further support this growth. Tourism Development: New airports near popular tourist destinations, such as Sheregesh and Arkhyz, will enhance accessibility and boost tourism.

Government Support: The Russian government is actively supporting the airport modernization program as part of its broader efforts to improve air travel and stimulate domestic tourism. Challenges and Opportunities: While the airport modernization program presents significant opportunities for Russia’s tourism and aviation sectors, there are also challenges to consider. The ongoing geopolitical situation and economic sanctions may impact international travel and investment.

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