Guwahati: LGBI Airport to be leased out through Public-Private Partnership
GUWAHATI: The Centre on 8 November gave “in-principle” approval for leasing out of Lokapriya Gopinath Bordoloi Airport and five other airports for operation, management, and development through Public-Private Partnership (PPP).
It is to be mentioned that these six airports are part of the first phase for development, operation and management under PPP mode.
Besides Guwahati, the airports at Ahmedabad, Jaipur, Lucknow, Mangalore, and Thiruvananthapuram will be leased out for operation, management, and development through the PPP route.
Union Law and Justice Minister, Ravi Shankar Prasad, said that the PPP experiments have helped create world-class airports, helped Airports Authority of India enhance revenues and focus on building air navigation infrastructure in the rest of the country.
With the increase in domestic and international air travel in India, combined with strong traffic growth at the five airports has attracted the attention of several international operators and investors.
An official statement said that the PPP model in airport projects has brought world-class infrastructure at airports, delivery of efficient and timely services to the passengers and augmenting revenue stream to the Airports Authority of India without making any investment.
This is expected to enhance the revenue of the AAI and increase economic development in these areas in terms of job creation and related infrastructure.
- LGBI Airport
- Public-Private Partnership
- Union Minister
- Ravi Shankar Prasad
LGBI Airport, Guwahati