India will privatise the management of six more airports to improve country’s aviation infrastructure
BI India BureauNov 9, 2018, 05.25 PM
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- Indian government approves private management of six more airports, adding to the list under the Public Private Partnership (PPP).
- Delhi, Mumbai, Bangalore, Hyderabad and Cochin airports are currently managed under the PPP model.
- PPP has not just created world-class airports, but has also helped the Airport Authority of
Indiato enhance its revenues.
The cabinet provided "in-principle" approval for leasing out the airports under the PPP model, said an official statement.
Currently, the airports being managed under the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Cochin.
"While these PPP experiments have helped create world class airports, it has also helped AAI (Airports Authority of India) in enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country," it said.
As per the Civil Aviation Ministry statement, PPP in infrastructure projects brings efficiency in service delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector.
The decision to lease the airports under the PPP model is expected to enhance the revenue to AAI and increase the economic development in the concerned areas in terms of job creation and related infrastructure, as per the statement.