Cabinet approves management of 6 airports under public private partnership model
New Delhi : In a big infrastructural move, the Cabinet on Friday approved management of six airports -Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru under the proposed Public Private Partnership (PPP) model.
The cabinet provided "in-principle" approval for leasing out the airports under the PPP model, said an official statement.
Till date airports managed under PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Cochin.
"While these PPP experiments have helped create world class airports, it has also helped AAI (Airports Authority of India) in enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country," it said.
The decision to lease the airports under the PPP model is expected to enhance the revenue to AAI and increase the economic development in the concerned areas in terms of job creation and related infrastructure, as per the statement.