The Union Cabinet has approved the proposal for leasing out Jaipur, Guwahati and Thiruvananthapuram airports of Airports Authority of India (AAI) through Public-Private Partnership (PPP).
The Union Cabinet gave its approval for leasing of three airports for operation, management and development to Adani Enterprises Ltd, for a period of fifty years.
These projects will bring efficiency in service delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector.
The government had leased out airports in Delhi and Mumbai on PPP basis for operation, management and development about a decade ago. While these PPP experiments have helped create world-class airports and helped in the delivery of efficient and quality services to the airport passengers, it has also helped AAI in enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country, according to an official release.
Revenue received from PPP partners would help AAI to create infrastructure facilities in Tier-2 and Tier-3 cities and also to upgrade their airports to international standards. The PPP airports in India are consistently ranked among the top 5 in their respective categories by the Airports Council International (ACI) in terms of Airport Service Quality (ASQ).