Monday, February 08, 2021

India to shortlist airports for next phase of privatisation plan

The central government is expected to offer 6-10 airports for the next stage of airport privatisation, a senior official said. The process  is expected to commence from FY22.

At present, the centre is in the process of identifying these airports which will be offered via competitive bidding to the private sector for a lease period of 50 years for operation, management and development of their infrastructure.

Briefing about the Budget 2021-22 proposals for the aviation sector, Civil Aviation Secretary Pradeep Kharola said that both profitable and non-profitable airports will be clubbed for bidding.

On Monday, Finance Minister Nirmala Sitharaman proposed to continue with the next round of airport privatisation on a lease basis.

She said that the next lot of airports will be monetised for operations and management concession.

At present, six airports, namely Lucknow, Jaipur, Ahmedabad, Guwahati, Thiruvananthapuram and Mangaluru, have been awarded via a competitive bidding process.

On the fare price band, Kharola said this norm will be removed, as and when demand and capacity utilisation reaches normal levels.

According to Kharola, till now only 60-65 per cent of the allowed capacity of 80 per cent has been utilised.

07/02/21 Gulf Today

To Read the News in full at Source, Click the Headline


Post a Comment