Adani Group indicators concession agreements with AAI for creating 3 airports

Image Source : PTI REPRESENTATIONAL IMAGE/PTI
The Adani Group on Tuesday signed concession agreements with the Airports Authority of India for the administration, operations and growth of Guwahati, Jaipur and Thiruvananthapuram airports.
“The concessionaires are required to take up the Guwahati, Jaipur and Thiruvananthapuram airports fulfilling certain conditions precedents within 180 days from 19th January, 2021,” the Airports Authority of India (AAI) stated in a press launch.
The Centre had in February 2019 privatised six main airports of the nation — Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati.
Through a aggressive bidding course of, the Adani group gained the rights to run all of them for 50 years.

The AAI had handed over the airports in Lucknow, Ahmedabad and Mangaluru in October and November final yr.
“The concession charge that may be acquired by AAI after leasing out six airports shall be used for the upkeep and growth of different brownfield airports, and in addition for additional growth of RCS (regional connectivity scheme) and greenfield airports all through the nation,” the discharge stated.
On September 5, 2019, the AAI had really helpful the central authorities to privatise airports at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
AAI chairman Arvind Singh final month stated privatisation of those six airports would start within the first quarter of 2021.
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