Wednesday, October 07, 2020

Thiruvananthapuram airport: Govt ready to take over airport for the amount quoted by Adani group

Kochi: The Kerala government on Tuesday completed its preliminary argument on a petition filed against the transfer of management of the Thiruvananthapuram airport to the Adani Group.

According to the government, the Adani Group company was required to show assets worth Rs 1,000 crore in each tender for the acquisition of the airports, but only a total of Rs 1,000 crore was shown in the tenders issued by the company for the operation of six airports in the country.  It also informed the court that it is ready to take over the operation of the airport for the amount quoted by the Adani Group.

The government also pointed out that the Adani Group has no previous experience in operating the airport. The tender for the operation of Delhi and Mumbai airports was awarded to experienced candidates, it added.

On the other hand, the Airports Authority of India argued that the proceeds from the privatization of airports will be used for the development of other airports.

07/10/20 Kerala Kaumudi

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