Cabinet approves leasing out 6 airports through PPP
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Cabinet approves leasing out 6 airports through PPP

New Delhi, Nov 8: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved leasing out six airports - Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru through Public Private Partnership (PPP).

Briefing media persons about the Cabinet decision, Union Minister of Electronics & IT and Law & Justice Ravi Shankar Prasad said,'' The Union Cabinet chaired by Prime Minister Narendra Modi has given "In-principle" approval for leasing out six airports of AAI viz Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management and development under Public Private Partnership (PPP) through Public Private Partnership Appraisal Committee (PPPAC).

It also Approved constitution of an Empowered Group of Secretaries headed by CEO, NITI Aayog with Secretary, Ministry of Civil Aviation, Secretary, Department of Economic Affairs and Secretary, Department of Expenditure to decide on any issue falling beyond the scope of PPPAC.''

PPP in infrastructure projects brings efficiency in service delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector.

The PPP in airport infrastructure projects has brought World class infrastructure at airports, delivery of efficient and timely services to the airport passengers, augmenting revenue stream to the Airports Authority of India without making any investment, etc of these, for development of Greenfield Airports at Hyderabad and Bengaluru. (UNI)