Govt approves six airports on PPP model

    Govt approves six airports on PPP model
    Injecting a big booster to the country’s aviation sector, the Union Cabinet recently approved a proposal to manage as many as 6 airports namely, Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram, and Mangaluru through public-private partnership (PPP). This will include operation, management as well as development of these airports and would be done through Public Private Partnership Appraisal Committee (PPPAC). Among others, the move is expected to enhance the revenue to the AAI and increase economic development in these areas in terms of creation of jobs and related infrastructure. In airport infrastructure projects, PPP brings efficiency in service delivery, expertise, enterprise as well as professionalism other than harnessing the needed investments in the public sector. Currently, the Indian airports that are being managed under PPP include Mumbai, Delhi, Hyderabad, Bangalore, and Cochin airports. Interestingly, they have been ranked among the top 5 in their respective categories by the Airports Council International in terms of Airport Service Quality. Moreover, the airport sector is the top contender among infrastructure sectors in terms of international interest as international investors and operators prefer brown field airport expansion, having more than 3-4 million passenger capacity and that PPP model will provide an immediate opportunity to attract foreign direct investment, the Cabinet said in an official statement.
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