Privatization Of These 3 Airports Approved By Govt; Adani Will Now Operate These 6 Airports
Govt of India has now approved the privatization of three more airports in India. This makes total of 9 private airports in India right now.
After privatization of PSU banks, and IRCTC, airports are in the big agenda of disinvestment by Govt of India.
More details here.
These Three Airports Become Private Now
After a high level meeting of the Union Cabinet, Govt has given the green signal to privatize three more airports in India.
These three airports are: Jaipur, Guwahati and Thiruvananthapuram.
While announcing this decision via video conferencing, Civil Aviation Minister Hardeep Singh Puri said that more airports will be privatized, and 100 new airports will e built.
He said, “We are going to the Cabinet tomorrow for further airport privatisation. We have got many more airports lined up, dozens of them, and the 100 new airports we will build between now and 2030.”
Adani Enterprises will now manage these airports.
What Does Privatisation Of Airport Means?
Privatization of airport means that private companies have been provided the lease of these airports, for a specific period of time.
In this period, private firms will not only maintain and manage the airports, but also carry out the operations and optimize them.
The security of these airports will still be with Govt armed forces.
A unique public-private partnership (PPP) based model along with Airports Authority of India (AAI) has been approved, and in force across 6 more airports now.
Total 6 Private Airports In India Now
In February last year, Govt of India had approved the privatization of 6 airports in India: Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati.
Out of them, Govt has given the green signal for Jaipur, Guwahati and Thiruvananthapuram yesterday.
With this, there are a total of 6 private airports now, which will be operated and managed by Adani Enterprises.
Airports of Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy has also been suggested for privatisation.
We will keep you updated, as more details come in.