More

    Adani Group Signs Concession Agreements With Airports Body For Developing 3 Airports

    Newsletter

    To be updated with all the latest news, offers and special announcements.


    Adani Group Signs Concession Agreements With Airports Body For Developing 3 Airports

    Adani Group signed agreements with AAI for managing and developing 3 airports (Representational)

    New Delhi:

    The Adani Group on Tuesday signed concession agreements with the Airports Authority of India for the management, operations and development of Guwahati, Jaipur and Thiruvananthapuram airports.

    “The concessionaires are required to take up the Guwahati, Jaipur and Thiruvananthapuram airports fulfilling certain conditions precedents within 180 days from 19th January, 2021,” the Airports Authority of India (AAI) said in a press release.

    The Centre had in February 2019 privatised six major airports of the country – Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati.

    Through a competitive bidding process, the Adani group won the rights to run all of them for 50 years.

    The Airports Authority of India had handed over the airports in Lucknow, Ahmedabad and Mangaluru in October and November last year.

    Newsbeep

    “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 (regional connectivity scheme) and greenfield airports throughout the country, the release said.

    On September 5, 2019, the Airports Authority of India had recommended the central government to privatise airports at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.

    Airports Authority of India chairman Arvind Singh last month said privatisation of these six airports would begin in the first quarter of 2021.
     

    (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



    Source link

    Latest articles

    Related articles

    Leave a reply

    Please enter your comment!
    Please enter your name here