Three airports namely Jaipur, Guwahati, and Thiruvananthapuram airports of Airports Authority of India (AAI), were approved for the leasing out by the Union Cabinet. Prime Minister Narendra Modi chaired the cabinet and the decision was carried out under Public Private Partnership (PPP).
The airports were leased out to M/s Adani Enterprises Ltd for operation, management, and development. Adani enterprise was selected after the bidding conducted by the Airports Authority of India, for a period of fifty years.
According to the Press release bureau, “These projects will bring efficiency in service delivery, expertise, enterprise, and professionalism apart from harnessing the needed investments in the public sector,”
The data released by the bureau also claimed that the decision came after the paramount success that was achieved by undertaking such experiments.
“PPP experiments have helped create world class airports and helped in 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,” the press report read further.
PPPAC approved the transaction documents. The entire bidding process was carried out under the supervision and directions of EGoS which comprised of representatives.
Additionally, the entire process was conducted under the supervision of EGoS, which included representatives of NITI Aayog, Department of Expenditure and Department of Economic Affairs (DEA) of Ministry of Finance (MoF).