City
Epaper

'6-10 airports to be offered in next phase of privatisation'

By IANS | Updated: February 4, 2021 21:15 IST

New Delhi, Feb 4 The Centre is expected to offer 6-10 airports for the next stage of airport ...

Open in App

New Delhi, Feb 4 The Centre is expected to offer 6-10 airports for the next stage of airport privatisation, a senior official said on Thursday.

The process that is expected to commence from FY22 will have 6-10 airports.

At present, the Centre is in the process of identifying these airports which will be offered via competitive bidding to private sector for a lease period of 50 years for operation, management and development of these assets.

Briefing about the Budget 2021-22 proposal for the aviation sector, Civil Aviation Secretary Pradeep Kharola said that both profitable and non-profitable airports will be clubbed for bidding.

On Monday, Finance Minister Nirmala Sitharaman proposed to continue with the next round of airport privatisation on a lease basis.

Till now, six airports, namely Lucknow, Jaipur, Ahmedabad, Guwahati, Thiruvananthapuram and Mangaluru, have been awarded via competitive bidding process.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Pradeep Singh KharolaNirmala SitharamanCivil AviationNirmala seetharaman
Open in App

Related Stories

NationalGovernment Clears Two New Airlines: All You Need to Know About FlyExpress and Alhind Air, Their Owners and Journey

NationalIndia to Get Two New Airlines as Centre Clears Al Hind Air and Fly Express

NationalGST Overhaul: Council Targets Uniformity, Balances Relief for Middle Class with Luxury Tax Hike

NationalGST Council Meeting: Middle-Class Households Poised to Gain Big from Tax Relief

MumbaiMumbai Airport Appoints Indo Thai Airport Services as Interim Ground Handler After Celebi Exit

Business Realted Stories

BusinessTN allocates Rs 248.44 cr for Pongal gift hampers; decision on cash component awaited

BusinessFrom Captain to K-Kick: Kerala’s accidental comedy festival in a brandy bottle

BusinessPRAGATI changed governance culture, sped up Rs 85 lakh crore projects: PM Modi

BusinessHow rural women in Chhattisgarh’s Sarkada achieved financial independence

BusinessIGL cuts cooking gas price in Delhi-NCR