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Home Investment

Investments: 25 airports to be leased out in 2022-25 under NMP

Fiinews by Fiinews
December 21, 2022
in Investment
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Airports are a nucleus of economic activities, says Gen. Singh

Twenty-five airports have been earmarked for leasing over the years 2022 to 2025 under the National Monetization Pipeline (NMP) scheme, Minister of State of Civil Aviation Gen. (Dr) V. K. Singh (Retd) said in a written reply to Rajya Sabha on 19 Dec 2022.

The Airports are: Bhubaneshwar, Varanasi, Amritsar, Trichy, Indore, Raipur, Calicut, Coimbatore, Nagpur, Patna, Madurai, Surat, Ranchi, Jodhpur, Chennai, Vijayawada, Vadodara, Bhopal, Tirupati, Hubli, Imphal, Agartala, Udaipur, Dehradun and Rajahmundry.

He added that Airport Authority of India has leased out eight of its airports under Public Private Partnership (PPP) for operation, management and development on long term lease basis. 

Details of airports along with the Concessionaires are as under:

(1) Indira Gandhi International Airport, Delhi – M/s Delhi International Airport Limited (DIAL)

(2) Chhatrapati Shivaji Maharaj International Airport, Mumbai – M/s Mumbai International Airport Limited (MIAL)

(3) Chaudhary Charan Singh International Airport, Lucknow – M/s Lucknow International Airport Limited (LIAL)

(4) Sardar Vallabhbhai Patel International Airport, Ahmedabad – M/s Ahmedabad International Airport Limited (AIAL)

(5) Mangaluru International Airport – M/s Mangaluru International Airport Limited (MaIAL)

(6) Jaipur International Airport – M/s Jaipur International Airport Limited (JIAL)

(7) Lokpriya Gopinath Bordoloi International Airport, Guwahati – M/s Guwahati International Airport Limited (GIAL)

(8) Thiruvananthapuram International Airport –  M/s  TRV-Kerala International Airport Limited (TIAL)

AAI airports are leased out in public interest for their better management utilizing private sector efficiency and investment, added the Minister.

States and passengers are the ultimate beneficiary of enhanced airport infrastructure and facilities created by private partner, who operates, manages and develops the leased airport under PPP.

Airports have emerged as a nucleus of economic activities and have multiplier effect on the economy of the State, said Gen. Singh. 

The revenue received by AAI from the leased airports is also utilized in development of airport infrastructure across the country, he said. fiinews.com

Tags: Ministry of Civil Aviation
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