Sunday, August 23, 2020

PPP airports: The public gets a raw deal?

When it comes to airports, the Covid-19 pandemic has brought about a significant disruption. Passenger demand has fallen off the cliff, and is not expected to recover anytime soon. Several airlines are teetering on the edge of failure, and suppliers and other stakeholders stand to face significant defaults. Yet, as far as the airports go, their returns are secured. Because airport operators will be allowed to recoup the loss of revenue via increased charges. In the end, because of how airport development policies have been structured, it is the passenger that will pay, and carry the burden of making up the revenue shortfalls. The much advertised public-private partnership (PPP) model to develop airports continues to chug along—but the “public” continues to be short-changed.
Satyendra Pandey explains how >>
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