Categories: Business

12 more airports to be given to private companies, proposal to be placed before cabinet tomorrow

Photo: DNA INDIA

Aviation Ministry to present proposal on 12 airport privatisation to Cabinet on Wed

new Delhi. The Civil Aviation Ministry will propose privatization of some more airports before the Union Cabinet on Wednesday. Union Civil Aviation Minister Hardeep Singh Puri gave this information on Tuesday. The first round in February, 2019 was approved by the Narendra Modi government to operate, manage and develop in the public-private-partnership (PPP) model of Lucknow, Ahmedabad, Jaipur, Mangalore, Thiruvananthapuram and Guwahati airports.

Following this, the Airports Authority of India (AAI) had recommended privatization of airports at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy from the Ministry of Civil Aviation in September 2019. While addressing a webinar on Tuesday, Puri said that we will propose privatization of more airports before the cabinet tomorrow. About a dozen airports will be further privatized. From now till 2030 we will build 100 new airports.

AAI, under the Ministry of Civil Aviation, owns and manages over 100 airports across the country. In 2018, the government decided to privatize Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati airports.

As part of the competitive bidding process, Adani Enterprises acquired the rights to operate these six airports in February 2019. Adani Enterprises signed a concession agreement with AAI on 14 February 2020 for three airports – Ahmedabad, Mangaluru and Lucknow.

This post was published on August 18, 2020 3:57 pm

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