"These projects will bring efficiency in delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector. Mint had in February reported that Adani Enterprises has won the rights to run five of the six airports, the operations of which are being privatised. The AAI, the then operator of the Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangaluru airports, said in a press release on 25 February that Adani Enterprises offered ₹177, ₹174, ₹171, ₹168 and ₹115, respectively, as revenue per passenger that it would pay the authority in exchange for a 50-year concession agreement to run these airports. In November 2018, the Cabinet had cleared the privatisation of the six airports under the public-private partnership model. In a departure from the model used in the first round of airport privatisation more than a decade ago, the AAI sought bids for the operations and maintenance of these airports for a concession period of 50 years.

Source: Mint July 03, 2019 15:44 UTC