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Central Government has approved to lease six airports

Central Government has approved to lease six airports

Under the chairmanship of Prime Minister Narendra Modi, the Union Cabinet has approved six airports to be leased under public-private partnership (PPP) scheme. Under Public Private Partnership Appraisal Committee (PPPAC), six airports of Airports Authority of India (AAI) - Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operational, management and development under Public Private Partnership (PPP) Theoretically approved for giving

Under the leadership of the Chief Executive Officer (CEO) of the Commission, the Secretary of the Ministry of Civil Aviation, Secretary of the Department of Economic Affairs, and Secretary of Expenditure Department, to take a decision on any issue outside the scope of PPPAC, Will be formed.

Advantages of schemes

  • Apart from raising the necessary investments in the public sector from PPP in basic infrastructure projects, there is efficiency in service supply, expertise, entrepreneurship and business skills.
  • To develop Greenfield airports in Hyderabad and Bengaluru, from the PPP model to fund the world-class infrastructure at airports in the project, supplying efficient and timely services to the passengers coming to the airport and Indians without investment The airline authorities have been helped to increase revenue receipts.
  • Presently the airports being arranged under the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Kochi.
  • In India, PPP airports have ranked as the Airport Services Quality (ASQ) in the top five airports in the respective categories by the Airports International Council (ACI).
  • These PPP experiences have helped create world-class airports. It has also helped the Airports Authority of India to increase revenue by focusing on air development and air navigation infrastructure in other parts of the country.

Introductory: Along with the increase in domestic and international air travel, strong traffic accretion on the major airports of most airports and five airports that were privatized more than a decade have attracted the attention of many international operators and investors. As the international interest, the airport area is one of the top competitive areas in infrastructure sectors. International Council and Investors are deeply interested in expanding Brown Field airports with capacity exceeding three-four million passengers. The airport area can provide an opportunity to attract foreign direct investment (FDI) by adopting the PPP model.

Q.1 Which of the following airport is not approved to given in leaseby CCEA?
A. Jaipur
B. Thiruvanantapuram
C. Mangalore
D. Mumbai
Ans: Mumbai
Q.2 Under which scheme, CCEA approved to give six airports on lease?
A. Newgen Innovation Scheme
B. Public Private Partnership scheme
C. Start up India Action Plan
D. Make in India
Ans: Public Private Partnership scheme

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