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Union Cabinet approves proposal to lease out AAI airports through PPP model

Adani Enterprises had signed the concessionaire agreement with Airports Authority of India (AAI) for three airports - Ahmedabad, Mangaluru and Lucknow

Union Cabinet approves proposal to lease out AAI airports through PPP model-snj
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New Delhi, First Published Aug 19, 2020, 5:37 PM IST
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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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