AAI To Lease 25 Airports By 2025

 Singh said that the airports of AAI are leased out in the public interest for their better management utilising private sector efficiency and investment

25 airports have been earmarked for leasing over the years 2022 to 2025 including Nagpur, Patna, Ranchi and others, VK Singh, Minister of State in the Ministry of Civil Aviation said in Rajya Sabha on Monday. Singh said that the airports of AAI are leased out in the public interest for their better management utilising private sector efficiency and investment.

As per National Monetisation Pipeline (NMP), 25 Airports Authority of India (AAI) airports namely 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 have been earmarked for leasing over the years 2022 to 2025, according to the statement. 

AAI already leased out eight of its airports under Public Private Partnership (PPP) for operation, management and development on a long-term lease basis including Indira Gandhi International Airport, Delhi, Chhatrapati Shivaji Maharaj International Airport, Mumbai. Lucknow, Ahmedabad, Mangaluru, Jaipur, Guwahati and Kerala are other leased airports.

Minster said that states and passengers are the ultimate beneficiaries of enhanced airport infrastructure and facilities created by an intimate partner, who operates, manages and develops the leased airport under PPP. “Airports have emerged as a nucleus of economic activities and have a multiplier effect on the economy of the State.  The revenue received by AAI from the leased airports is also utilised in developing airport infrastructure across the country,” he added.