The new announcement comes a year after the Cabinet had cleared the civil aviation ministry’s similar proposal to lease out Ahmedabad, Lucknow, and Mangaluru airports through PPP to the Adani group for 50 years.
The proposal for leasing out Jaipur, Guwahati, and Thiruvanathapuram airports of the Airports Authority of India (AAI) through Public-Private Partnership was approved by the Union Cabinet, Union Minister Prakash Javadekar announced on Wednesday.
“This is not a permanent move, it has been leased out for 50 years. The revenue received through this model will be utilised by the AAI to develop airports in small cities. Secondly, passengers will get better facilities,” Javadekar said, briefing the reporters on the Cabinet meeting chaired by PM Modi.
The new announcement comes a year after the Cabinet had cleared the civil aviation ministry’s similar proposal to lease out Ahmedabad, Lucknow, and Mangaluru airports through PPP to the Adani group for 50 years.
It was the second big airport privatization round after Delhi and Mumbai were given to private companies GMR and GVK, respectively in the first round.
The Adani group was selected to operate the three airports in February last year, in addition to Jaipur, Guwahati, and Thiruvananthapuram, after rigorous bidding.
Adani group is responsible for operations and management of the existing airport assets as well as for designing, engineering, financing, construction, and development of the additional air-side, terminal, city-side, and land-side infrastructure for the airport, as per the lease terms of the PPP agreement.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
