13 more airports to be privatised; 7 small airports to be clubbed with 6 big ones for this PPP round – Times of India
NEW DELHI: Days after the government announced its ambitious asset monetisation plan, the Airports Authority of India (AAI) on Thursday approved the privatisation of 13 more airports by next year — six major ones and seven smaller ones that will be clubbed with the bigger ones.
The six big airports are: Amritsar, Bhubaneshwar, Indore, Raipur, Trichy and Varanasi. Seven smaller ones, that will be clubbed with the big ones, are those at Hubli, Tirupati, Aurangabad, Jabalpur, Kangra, Kushinagar and Gaya.
The government expects private investment of about Rs 3,700 crore in airport by March 2024.
Sources say the clubbing will be like this: Varanasi with Kushinagar and Gaya; Amritsar with Kangra; Bhubaneswar with Tirupati; Raipur with Aurangabad; Indore with Jabalpur and Trichy with Hubli.
AAI will now begin the process of preparing bid documents so that the same can happen and process completed by next year. The Buddhist circuit of Varansi-Kushinagar-Gaya is likely to get significant interest from bidders due to the tourism potential of these cities, apart from Varanasi being a big destination in itself.
This is the first time that smaller airports are being clubbed with bigger ones while opting for the PPP mode in which on revenue share model a private player develops and expands airports while their ownership remains with the government.
The airpots being developed and run PPP way so far include those at Hyderabad, Bengaluru, Delhi, Mumbai, Kochi, Ahmedabad, Lucknow and Mangaluru. The Adani Group will soon take over Jaipur, Guwahati and Thiruvananthapuram airports and also build Navi Mumbai Airport.
All these airports were privatised on a standalone bases. The promoter of Mumbai Airport gets the right to build Navi Mumbai Airport.
The six big airports are: Amritsar, Bhubaneshwar, Indore, Raipur, Trichy and Varanasi. Seven smaller ones, that will be clubbed with the big ones, are those at Hubli, Tirupati, Aurangabad, Jabalpur, Kangra, Kushinagar and Gaya.
The government expects private investment of about Rs 3,700 crore in airport by March 2024.
Sources say the clubbing will be like this: Varanasi with Kushinagar and Gaya; Amritsar with Kangra; Bhubaneswar with Tirupati; Raipur with Aurangabad; Indore with Jabalpur and Trichy with Hubli.
AAI will now begin the process of preparing bid documents so that the same can happen and process completed by next year. The Buddhist circuit of Varansi-Kushinagar-Gaya is likely to get significant interest from bidders due to the tourism potential of these cities, apart from Varanasi being a big destination in itself.
This is the first time that smaller airports are being clubbed with bigger ones while opting for the PPP mode in which on revenue share model a private player develops and expands airports while their ownership remains with the government.
The airpots being developed and run PPP way so far include those at Hyderabad, Bengaluru, Delhi, Mumbai, Kochi, Ahmedabad, Lucknow and Mangaluru. The Adani Group will soon take over Jaipur, Guwahati and Thiruvananthapuram airports and also build Navi Mumbai Airport.
All these airports were privatised on a standalone bases. The promoter of Mumbai Airport gets the right to build Navi Mumbai Airport.
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