Union Cabinet approves proposal to lease out AAI airports through PPP model
Synopsis
Adani Enterprises had signed the concessionaire agreement with Airports Authority of India (AAI) for three airports - Ahmedabad, Mangaluru and Lucknow
New Delhi: On August 19, the Union Cabinet approved the proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram through public-private partnership (PPP).
Union environment minister Prakash Javadekar said the Cabinet has approved the proposal for leasing out Jaipur, Guwahati, Thiruvananthapuram airports through PPP model.
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According to reports, the Adani Enterprises had won the rights to run six airports, which are Lucknow, Mangaluru, Ahmedabad, Jaipur, Thiruvananthapuram, and Guwahati -- through PPP model after a competitive bidding process in February 2019.
Adani Enterprises had signed the concessionaire agreement with Airports Authority of India (AAI) for three airports - Ahmedabad, Mangaluru and Lucknow - on February 14, 2020.
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