New Delhi/Mumbai : In a major move towards getting in private operators to run airports, the government today approved part-privatization and part-lease out of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI).
Mooting a hybrid model, the inter ministerial group today decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at Chennai and Kolkata airports, much in line with what it has done in Delhi and Mumbai.
However, the new terminals built by AAI in both cities would be leased out to a private concessionaire in lieu of pre determined fee.
A senior official in the ministry said, “The AAI has invested substantial resources in modernizing the airports at Kolkata and Chennai. The new terminals would be leased out to the private concessionaire who would be asked to pay a compensation for the investments made by the Airports Authority.”
04/07/13 Sharmistha Mukherjee & Aneesh Phadnis/Business Standard
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Mooting a hybrid model, the inter ministerial group today decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at Chennai and Kolkata airports, much in line with what it has done in Delhi and Mumbai.
However, the new terminals built by AAI in both cities would be leased out to a private concessionaire in lieu of pre determined fee.
A senior official in the ministry said, “The AAI has invested substantial resources in modernizing the airports at Kolkata and Chennai. The new terminals would be leased out to the private concessionaire who would be asked to pay a compensation for the investments made by the Airports Authority.”
04/07/13 Sharmistha Mukherjee & Aneesh Phadnis/Business Standard
