The Union Cabinet on Wednesday approved a proposal for leasing out airports at Jaipur, Guwahati and Thiruvananthapuram through public-private partnership (PPP) for a period of 50 years.
Adani Enterprises had won the rights to run six airports including these three -- the other three being Lucknow, Ahmedabad, Mangalore -- through the PPP model after a competitive bidding process in February 2019.
At a press conference after a Cabinet meeting on Wednesday, Union Environment Minister Prakash Javadekar said the Cabinet has approved the proposal for leasing out Jaipur, Guwahati, Thiruvananthapuram airports through the PPP model."The Airports Authority of India (AAI) is not giving these airports permanently to the private operator.
After running them for 50 years, the private operator would be handing over the airports back to the AAI," said the minister.
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