Govt Approves Leasing of Jaipur, Guwahati, Thiruvananthapuram Airports Under PPP Model

File picture of the Jaipur International Airport. (Pic Source: PTI)

The Union Cabinet on Wednesday accredited a proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram by means of public-private partnership (PPP) for a interval of 50 years.

  • PTI
  • Last Updated: August 20, 2020, 12:24 PM IST

The Union Cabinet on Wednesday accredited a proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram by means of public-private partnership (PPP) for a interval of 50 years.

Adani Enterprises had gained the rights to run six airports together with these three, the opposite three being Lucknow, Ahmedabad, Mangalore by means of the PPP mannequin after a aggressive bidding course of in February 2019. In July 2019, the Union Cabinet had accredited the proposal for leasing out Ahmedabad, Mangalore and Lucknow airports to Adani Enterprises.

At a press convention after a Cabinet assembly on Wednesday, Union Environment Minister Prakash Javadekar mentioned the Cabinet has accredited the proposal for leasing out Jaipur, Guwahati, Thiruvananthapuram airports by means of the PPP mannequin. The Airports Authority of India (AAI) isn’t giving these airports completely to the personal operator. After operating them for 50 years, the personal operator could be handing over the airports again to the AAI,” said the minister.

Currently, all the aforementioned six airports are owned and managed by the government-run AAI. The minister said the AAI will receive Rs 1,070 crore as an upfront amount from the private operator for leasing the airports at Jaipur, Guwahati, Thiruvananthapuram and this fund will be used to develop airports in smaller cities.

Another benefit of leasing these airports is that passengers will get good services,” Javadekar famous. Eight months after the Cabinet approval, Adani Enterprises signed the concessionaire settlement with the AAI on February 14 this yr for operation, administration and improvement of airports at Ahmedabad, Mangalore and Lucknow.

Also Watch:

In June this yr, the AAI gave three extra months to the Ahmedabad-based firm to take over the administration of those three airports because of the COVID-19 state of affairs. This means the deadline for takeover has been pushed from August 12 to November 12.

Puri had on Tuesday mentioned that the Ministry of Civil Aviation would place a proposal for additional privatisation of airports earlier than the Union Cabinet on Wednesday.


https://pubstack.nw18.com/pubsync/fallback/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2&categories=5d95e6d7340a9e4981b2e10a&query=airport+authority+of+India%2CJaipur+Airport+Guwahati+Airport%2CLeasing+Airports%2CMinistry+of+Civil+Aviation%2CPPP&publish_min=2020-08-17T12:24:10.000Z&publish_max=2020-08-20T12:24:10.000Z&sort_by=date-relevance&order_by=0&limit=2



Source link

  •  
  •  
  •  
  •  
  •  
  •  
  •  

Don't forget to connect with REVIEWTECHAUTO on Facebook, Telegram, YouTube, and Instagram.

Load more