Cabinet approves leasing out three major AAI airports of Jaipur, Guwahati, Thiruvananthapuram

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Cupboard approves leasing out three main AAI airports of Jaipur, Guwahati, Thiruvananthapuram

The Union Cupboard on Wednesday accredited the proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram by way of public-private partnership (PPP). Adani Enterprises had gained the rights to run six airports – Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati – by way of the PPP mannequin after a aggressive bidding course of in February 2019.

In July 2019, the Union Cupboard had accredited the proposal for leasing out the opposite three airports – Ahmedabad, Mangaluru and Lucknow – to Adani Enterprises.

At a press convention on Wednesday, Union Surroundings Minister Prakash Javadekar stated the Cupboard has accredited the proposal for leasing out Jaipur, Guwahati, Thiruvananthapuram airports by way of the PPP mannequin.

At the moment, the aforementioned six airports are owned and managed by the government-run Airports Authority of India (AAI).

Eight months after the Cupboard approval, Adani Enterprises signed the concessionaire settlement with the AAI on February 14 this yr for operation, administration and growth of airports at Ahmedabad, Mangaluru and Lucknow.

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 scenario. This implies the deadline for take over has been pushed from August 12 to November 12.

In a tweet, Civil Aviation Minister Hardeep Singh Puri stated, “In a momentous resolution beneath the visionary management of PM Shri @narendramodi Ji, the Union Cupboard has given its stamp of approval for leasing of three extra airports at Jaipur, Guwahati & Thiruvananthapuram on PPP foundation.”

“PPP at these airports is not going to solely assist in supply of environment friendly and high quality providers to the air passengers however can even assist @AAI_Official in enhancing its revenues & specializing in growing extra airports at Tier-II & Tier III locations,” he added.

Puri had on Tuesday stated that the Ministry of Civil Aviation would place a proposal for “additional” privatisation of airports earlier than the Union Cupboard on Wednesday. 

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