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Cupboard approves proposal to lease out three airports of AAI by Public Personal Partnership mannequin | Economic system Information

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New Delhi: Union Cupboard on Wednesday (August 19) accepted the proposal for leasing out three airports- Jaipur, Guwahati, and Thiruvananthapuram – of Airports Authority of India (AAI) by Public-Personal Partnership (PPP), mentioned Union ministers Prakash Javadekar and Jitendra Singh whereas briefing the media on the cupboard selections.

Earlier, the Modi authorities had determined to denationalise 12 airports of the AAI. The choice on privatisation of six airports of Ahmadabad, Mangalore, Lucknow, Guwahati, Thiruvananthapuram, and Jaipur have already been taken within the first section.

Adani Group bought all these airports by the best bid within the bidding course of, because the Group had signed the concessionaire settlement with the AAI for 3 airports – Ahmedabad, Mangaluru, and Lucknow – on February 14, 2020, and for the opposite three airports, it’s but to signal the concessionaire settlement.

Throughout a webinar on Tuesday, Civil Aviation Minister Hardeep Singh Puri mentioned that the ministry would place a proposal for “additional” privatisation of airports earlier than the Union Cupboard.

“We’re going to the Cupboard tomorrow for additional airport privatisation. We’ve got bought many extra airports lined up, dozens of them, and the 100 new airports we are going to construct between now and 2030,” Puri added. 

In February 2019, the primary spherical of privatisation, airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati have been cleared for operation, administration, and improvement by public-private partnership (PPP) mannequin.

Notably, the AAI in September 2019 had additionally really useful the Civil Aviation Ministry to privatise airports in Amritsar, Varanasi, Bhubaneswar, Indore, Raipur, and Trichy.

The AAI, which works underneath the Ministry of Civil Aviation, owns and manages greater than 100 airports throughout the nation.



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