Wednesday, July 03, 2019

Aviation ministry moves Cabinet note to complete privatisation drive of 6 airports

The civil aviation ministry has moved a revised Cabinet note on privatisation of six state-run airports and the Cabinet is likely to take up the matter on Wednesday, people aware of the development told CNBC-TV18.

The six state-run airports are in Jaipur, Lucknow, Thiruvananthapuram, Mangalore, Guwahati and Ahmedabad.

While Adani Group has emerged as the highest bidder for all six airports, the Cabinet is yet to approve the bids. Only after the approval of bids the airports can be handed over to the group for operations, management and development.

In February, the Gautam Adani-led group emerged as the highest bidder for Jaipur airport at Rs 174 per passenger fee to be paid by the company to the state-run airport operator on a monthly basis. For Ahmedabad airport the per passenger fee was Rs 177, for Mangaluru airport Rs 115, for Lucknow airport Rs 171, for Guwahati Rs 160, and for Thiruvananthapuram airport it was Rs 168.

"Due to the code of conduct during elections, the earlier Cabinet note was sent back. Then the matter was taken up by an inter-ministerial group and a few minor changes were sought. Now, a fresh Cabinet note has been sent. Expectation is that it may be taken up on Wednesday," people aware of the development told CNBC-TV18.

In the technical round, AAI received 32 bids from ten companies for privatisation of six airports with Jaipur and Ahmedabad getting the maximum interest. Out of the ten companies, Adani Enterprise and GMR Group had submitted bids for all six airports.
02/07/19 CNBC TV18

0 Comments: