Tuesday, January 19, 2021

AAI signs pact with Adani Group to hand over Jaipur, Guwahati & T'puram airports for 50 years

New Delhi: The Adani Group will soon take over the operation of Jaipur, Guwahati and Thiruvananthapuram airports for the next 50 years. The Airports Authority of India (AAI) on Tuesday signed three concession agreements with Adani Airports Ltd for operations, management and development of these three airports under PPP mode.

The Adani Group had won bids for six AAI airports and has so far taken over three -- Mangaluru, Lucknow and Ahmedabad. Now the decks have been cleared for taking over the other three also.

AAI tweeted on Tuesday: "The agreements were signed in presence of AAI chairman and senior officials of AAI and Adani Enterprises Ltd. Signed concession agreements of Jaipur, Guwahati and Thiruvananthapuram Airports were exchanged between AAI ED N V Subbarayudu and Adani Airports CEO Behnad Zandi. The concession fee that would be received by AAI after leasing out six airports will be used for the maintenance and development of other brownfield airports and also for further development of RCS and greenfield airports throughout the country."

The Union government's decision to run Thiruvananthapuram airport PPP way had been challenged legally. "That decision has come in our favour as the process was done in a very open and transparent manner. The security clearance has also come for (handing over the remaining three airports to Adani Group)," aviation secretary P S Kharola had said recently.

AAI is working on handing over six more airports the PPP way.

19/01/21 Saurabh Sinha/Times of India

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