Updated By: LatestGKGS Desk
Central Government has sanctioned to lease six airports
Central Government has sanctioned to lease six airports including Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and, Mangluru key point and Benefit
Under the chairmanship of Prime Minister Narendra Modi, the Union Cabinet has approved six airports to be leased under Public Private Partnership (PPP) scheme.
Under Public Private Partnership Appraisal Committee (PPPAC), six airports of Airports Authority of India (AAI) - Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operational, management and development under Public Private Partnership (PPP).
Benefit of plan
Apart from raising the necessary investments in the public sector from PPP in basic infrastructure projects, there is efficiency in service supply, expertise, entrepreneurship and business skills.
To develop greenfield airports in Hyderabad and Bengaluru, from the PPP model to fund the world-class infrastructure at airports, supply efficient and timely services to the passengers coming to the airport and Indian aircraft without any investment The authorization has helped increase the revenue receipt.
Presently the airports being arranged under the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Kochi.
In India, PPP airports have ranked as the Airport Services Quality (ASQ) in the top five airports in the respective categories by the Airports International Council (ACI).
These PPP experiences have helped create world-class airports. It has also helped the Airports Authority of India to increase revenue by focusing on air development and air navigation infrastructure in other parts of the country.
