AAI approves privatisation of 13 more airports
10 Sep 2021
2 Min Read
CW Team
The Airports Authority of India (AAI) has approved the privatisation of 13 more airports by 2022, including six major airports and seven smaller airports that will be merged with the larger ones, just days after the government announced its ambitious asset monetisation plan.
Amritsar, Bhubaneshwar, Indore, Raipur, Trichy, and Varanasi are among the six major airports in the country.
Hubli, Tirupati, Aurangabad, Jabalpur, Kangra, Kushinagar, and Gaya are among the smaller ones that will be combined with the larger ones.
By March 2024, the government anticipates a private investment of around Rs 3,700 crore in the airport.
Varanasi will be clubbed with Kushinagar and Gaya, Amritsar with Kangra, Bhubaneswar with Tirupati, Raipur with Aurangabad, Indore with Jabalpur, and Trichy with Hubli, according to the media.
AAI will now begin the process of preparing bid documents in order to repeat the process next year.
The Buddhist circuit of Varanasi-Kushinagar-Gaya is likely to pique bidders' interest due to the tourism potential of these cities, aside from Varanasi being a major destination in and of itself.
Smaller airports have been grouped with larger ones for the first time while opting for the PPP model, in which a private player develops and expands airports on a revenue-share basis while the government retains ownership.
Hyderabad, Bengaluru, Delhi, Mumbai, Kochi, Ahmedabad, Lucknow, and Mangaluru are among the airports that have been developed and run under the PPP model so far.
The Adani Group intends to take over Jaipur, Guwahati, and Thiruvananthapuram airports, as well as build Navi Mumbai Airport.
These airports were all privatised separately.
The Mumbai Airport promoter is granted the right to construct Navi Mumbai Airport.
Also read: Lok Sabha passes AERA bill on airport privatisation
Also read:
The Airports Authority of India (AAI) has approved the privatisation of 13 more airports by 2022, including six major airports and seven smaller airports that will be merged with the larger ones, just days after the government announced its ambitious asset monetisation plan.
Amritsar, Bhubaneshwar, Indore, Raipur, Trichy, and Varanasi are among the six major airports in the country.
Hubli, Tirupati, Aurangabad, Jabalpur, Kangra, Kushinagar, and Gaya are among the smaller ones that will be combined with the larger ones.
By March 2024, the government anticipates a private investment of around Rs 3,700 crore in the airport.
Varanasi will be clubbed with Kushinagar and Gaya, Amritsar with Kangra, Bhubaneswar with Tirupati, Raipur with Aurangabad, Indore with Jabalpur, and Trichy with Hubli, according to the media.
AAI will now begin the process of preparing bid documents in order to repeat the process next year.
The Buddhist circuit of Varanasi-Kushinagar-Gaya is likely to pique bidders' interest due to the tourism potential of these cities, aside from Varanasi being a major destination in and of itself.
Smaller airports have been grouped with larger ones for the first time while opting for the PPP model, in which a private player develops and expands airports on a revenue-share basis while the government retains ownership.
Hyderabad, Bengaluru, Delhi, Mumbai, Kochi, Ahmedabad, Lucknow, and Mangaluru are among the airports that have been developed and run under the PPP model so far.
The Adani Group intends to take over Jaipur, Guwahati, and Thiruvananthapuram airports, as well as build Navi Mumbai Airport.
These airports were all privatised separately.
The Mumbai Airport promoter is granted the right to construct Navi Mumbai Airport.
Image Source
Also read: Lok Sabha passes AERA bill on airport privatisation
Also read: Deloitte appointed as consultant for Nagpur airport privatisation
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
Next Story
Supreme Unveils New Brand Identity to Elevate Lifestyle
Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..
Next Story
Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes
Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..