Aviation

Adani Group to take over Jaipur, Guwahati and Thiruvananthapuram by mid-July

The Adani Group will by mid-July take over the Jaipur, Guwahati and Thiruvananthapuram airports for the next 50 years. The Airports Authority of India (AAI) on Tuesday signed three concession agreements with Adani Airports Ltd for these airports under PPP mode.

The infra major is “required to take up (these three) airports… within 180 days from January 19, 2021,” AAI said in a statement. The Adani Group had two years ago won bids for six AAI airports and has so far taken over three — Mangaluru (on October 31, 2020), Lucknow (Nov 2, 2020) and Ahmedabad (Nov 7, 2020).

It will soon take over Mumbai International Airport Ltd (MIAL), and the upcoming Navi Mumbai Airport, where it is acquiring a controlling stake from outgoing promoter GVK Group.

AAI chairman Arvind Singh said: “It is a significant occasion when we complete this round of signing of concession agreements for three airports under the PPP mode. Looking forward to healthy participation from the private sector in the growth story of Indian civil aviation.”

Adani Group will pay AAI a per passenger fee of Rs 160 (domestic) and Rs 320 (international). For Jaipur and Thiruvananthapuram airports

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Times Of India
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