Friday, September 11, 2020

AAI, Adani Group sign letter of agreement for Thiruvananthapuram, Guwahati, Jaipur airports

The Airports Authority of India (AAI) has signed the letter of agreement with Adani Group for Jaipur, Thiruvananthapuram and Guwahati airports, sources told CNBC-TV18.

Adani Group has also submitted an undertaking to AAI, whereby it has promised that it will abide by the outcome in the pending rulings with respect to Thiruvananthapuram and Guwahati airports, the sources added.

On Aug 19, the Union Cabinet had approved leasing out the three state-run airports under a public-private partnership, thereby approving Adani Group as the highest bidder for the three airports.

The processes, which are necessary before the signing of the concession agreement, have kick-started including security clearance, etc, as per the sources.

"It is expected that the concession agreement for the three airports may be signed by the next two months," said a source.

It is important to note that some public interest litigations have been filed with respect to Thiruvananthapuram and Guwahati airports.

"The Union Cabinet has given its go-ahead for awarding the airport to the private party subject to the outcome of Writ Petition & in accordance with provisions of undertaking given by the Concessionaire," Union Civil Aviation Minister Hardeep Singh Puri had said on Aug 21 after Kerala expressed reservations against the takeover of Thiruvananthapuram airport following the Cabinet approval.
11/09/20 CNBC TV18

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