This is expected to enhance the revenue to AAI and increased economic development in these areas in terms of job creation and related infrastructure.
International operators and investors prefer brownfield airport expansion opportunities having more than 3-4 million passenger capacity.
Read more about 6 airports get Centre's nod for privatisation; AAI to hold a minor stake on Business Standard. Aviation sector experts feel the airports chosen for privatisation will also get attractive bids
The Centre on Thursday gave “in-principle” approval for leasing out of Mangalore International Airport and five other airports for operation, management and development through public-private partnership.
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursdayapproved leasing out six airports - Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru through Public Private Partnership (PPP).Briefing mediapersons about the Cabinet decision, Union Minister of Electronics & IT and Law & Justice Ravi Shankar Prasad said,'' The Union Cabinet chaired by Prime Minister Narendra Modi has given In-principle approval for leasing out six airports of AAI viz Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management and development under Public Private Partnership (PPP) through Public Private Partnership Appraisal Committee (PPPAC).It also Approved constitution of an Empowered Group of Secretaries headed by CEO, NITI Aayog with Secretary, Ministry of Civil Aviation, Secretary, Department of Economic Affairs and Secretary, Department of Expenditure to decide on any issue falling beyond the scope of PPPAC.''PPP in infrastructure projects brings efficiency in service delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector
‘In principle’ nod by Cabinet to PPP projects for ‘world-class’ non-metro airports
The six airports are Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru.