Friday, December 06, 2019

Biju Patnaik airport to be leased out in PPP mode

Bhubaneswar: The Airports Authority of India (AAI) is likely to lease out six more airports, including Biju Patnaik International Airport (BPIA) here, under the public private partnership (PPP) model.

The AAI Board in its meeting held on September 5 has recommended to lease out BPIA, Amritsar, Varanasi, Indore, Raipur and Tiruchirappalli airports for operation, management and development under PPP, said Civil Aviation Minister Hardeep Singh Puri while replying to an unstarred question in Lok Sabha last month.

The recommendation follows recent privatisation of airports at Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati under PPP model.

The Minister had earlier said AAI will continue to provide air navigation services to the leased out airports. The AAI will also receive revenue generated from air navigation services. During the concession period, AAI will monitor the performance of concessionaire as per the provisions of the agreement.
The Government is of the opinion that the PPP project at the select airports will result in enhanced revenue to the AAI by way of upfront payment towards reimbursement of unrealised investments made so far.
06/12/19 New Indian Express
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