AAI approves privatisation of 13 more airports
AVIATION & AIRPORTS

AAI approves privatisation of 13 more airports

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

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
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000