Thursday, December 09, 2021

These 25 new airports will get privatised by 2025

The Central government plans to privatise a total of 25 airports between 2022 to 2025 under the National Monetization Pipeline, Minister of State for Civil Aviation VK Singh said in a reply in the Lok Sabha on December 9.

As a part of the government's plans for asset monetisation, the 25 airports selected by the government are located in Nagpur, Varanasi, Dehradun, Trichy, Indore, Chennai, Calicut, Coimbatore, Bhubaneshwar, and Patna, the minister said in his response to the lower house.

The government also plans to privatise airports in Madurai, Tirupati, Ranchi, Jodhpur, Raipur, Rajahmundry, Vadodara, Amritsar, Surat, Hubli, Imphal, Agartala, Udaipur, Bhopal, and Vijayawada.

The minister said that the airports had been selected after looking at their annual traffic trends and all airports having annual traffic of above 0.4 million passengers have been selected for privatisation.

Former Airports Authority of India Chairman Guruprasad Mohapatra announced in 2019 that the government planned to privatise 20-25 more airports in the next phase of asset monetisation with an expectation that there will be a significant participation by foreign airports.

Earlier in 2021, the Centre said it was planning to raise Rs 20,782 crore within four years by monetising 25 airports across the country.

Singh in his response also said that 133 of the 136 airports in the country suffered massive losses due to the coronavirus pandemic in 2020-21.

Earnings data for 136 airports in India showed that they collectively posted losses of Rs 2,882.74 crore in 2020-21, widening from a loss of Rs 80.18 crore in 2019-20 and a loss of Rs 465.91 crore in 2018-19 and reflecting the impact of the pandemic.

All airports in India except those located at Kandala, Kanpur Chakeri, Bareilly, and Porbandar reported huge losses in 2020-21, the minister said in his response.

09/12/21 Yaruqhullah Khan/Moneycontrol

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