Revenue stream for AAI

The Cabinet has approved a proposal for leasing out of three airports Adani Enterprises Ltd for having the highest bid under the Private Public Partnership (PPP) model.

Adani will carry out operations, management and development of Ahmedabad, Lucknow and Mangaluru airports under a 50-year lease.

PPP for a lease period of 50 years as per the terms and conditions of the bid documents.

These projects will bring efficiency in delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector.

This will also result in enhanced revenues to the Airport Authority of India (AAI), which may lead to further investment by AAI at Tier II and Tier III cities and economic development in these areas in terms of job creation and related infrastructure. fiinews.com