Cabinet approves leasing out of 6 airports below PPP model

Cabinet approves leasing out of 6 airports below PPP model

New Delhi: The Union cabinet on Thursday approved the leasing out of six airports -- Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru -- for operation, management and development below the general public private Partnership (PPP).
 
The cabinet provided "in-principle" approval for leasing out the airports under the PPP model, said an official statement.
 
Currently, the airports being managed below the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Cochin.
 
"While these PPP experiments have helped produce world class airports, it's additionally helped AAI (Airports Authority of India) in enhancing its revenues and that specialize in developing airports and air navigation infrastructure within the remainder of the country," it said. As per the Civil Aviation Ministry statement, PPP in infrastructure comes brings efficiency in service delivery, expertise, enterprise and expertise apart from harnessing the required investments within the public sector.
 
The decision to lease the airports below the PPP model is anticipated to boost the revenue to AAI and increase the economic development within the involved areas in terms of job creation and related infrastructure, as per the statement.



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