Govt to lease out 3 airports via PPP
The Central government on Wednesday cleared the award of airports at Jaipur, Thiruvananthapuram and Guwahati for redevelopment to Adani Enterprises Ltd.
The Airports Authority of India (AAI) will get Rs1,070 crore upfront from handing over the airports for redevelopment, Union minister for information and broadcasting Prakash Javadekar told reporters.
“The upfront Rs11,070 crore that will come to AAI will be used for developing airports in smaller towns. The other benefit is that travellers will get better facilities. It will also improve efficiency,” the minister said.
The three airports will be leased for operation, management, and development in public-private partnership (PPP) model to Adani Enterprises, the successful bidder in a global competitive bidding last year, for 50 years, according to a government statement.
