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Jaipur, Guwahati & Thiruvananthapuram airports for lease
Jaipur, Guwahati & Thiruvananthapuram airports for lease
The Union Cabinet on Wednesday approved the proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram through public-private partnership (PPP).
New Delhi: The Union Cabinet on Wednesday approved the proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram through public-private partnership (PPP).
Adani Enterprises had won the rights to run six airports - Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati - through the PPP model after a competitive bidding process in February 2019.
In July 2019, the Union Cabinet had approved the proposal for leasing out the other three airports - Ahmedabad, Mangaluru and Lucknow - to Adani Enterprises.
Currently, the aforementioned six airports are owned and managed by the government-run Airports Authority of India (AAI). Eight months after the Cabinet approval, Adani Enterprises signed the concessionaire agreement with the AAI on February 14 this year for operation, management and development of airports at Ahmedabad, Mangaluru and Lucknow.
In June this year, the AAI gave three more months to the Ahmedabad-based company to take over the management of these three airports due to the COVID-19 situation.
