PPPAC Gives in-Principle Nod to Private Operation of 11 Airports Across Five Bundles
The plan would lease 11 airports in five bundles for 50 years, while officials weigh limits on how many packages one bidder can win.
- On Monday, the Public Private Partnership Appraisal Committee granted in-principle approval for the third round of airport privatization, covering 11 airports across five bundles.
- This initiative addresses concerns regarding oligopolistic concentration and excessive leverage within the airport sector, following the previous round where the Adani Group won all six airports on offer.
- The government will offer 50-year concession agreements for these airports, with bidding parameters based on the per-passenger fee charged for domestic travelers at locations including Varanasi, Amritsar, and Raipur.
- To mitigate concentration risks, the Ministry proposed capping the number of airport bundles awarded to a single bidder, with final modalities being prepared for the PPPAC's final recommendation.
- Upon receiving final PPPAC approval, the proposal will proceed to the Cabinet Committee on Economic Affairs for consideration, potentially revisiting prior Finance Ministry and NITI Aayog recommendations on bidder limits.
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11 airports to see Rs 8,622 crore private investment under 50-year concessions
India expects private operators to invest approximately ₹8,622 crore in eleven airports. These airports will be awarded through five bundles to single concessionaires. The Bhubaneswar-Hubballi bundle requires the highest investment of ₹2,725 crore. The government aims to limit bidder concentration by capping bundle awards. This initiative follows a previous privatization round where Adani Group secured all six airports.
Devdiscourse
PPPAC gives in-principle nod to private operation of 11 airports across five bundles
The Public Private Partnership Appraisal Committee (PPPAC) has granted in-principle approval for the privatisation of operations, management and development of 11 airports, proposed to be offered to private players in five airport bundles, according to official sources.
Centre readies 11 airports for privatisation, with limit on bidder wins
The government plans to revive airport privatisation by offering 11 AAI airports in five bundles for long-term public-private partnerships, capping airport bundles per bidder to avoid sector concentration.
PPPAC gives in-principle nod to private operation of 11 airports across five bundles - The Tribune
The Public Private Partnership Appraisal Committee (PPPAC) has granted in-principle approval for the privatisation of operations, management and development of 11 airports, proposed to be offered to private players in five airport bundles, according to official sources.
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