3 more airports to be leased to private firms for 50 years, says govt

Jaipur, Thiruvanthapuram and Guwahati airports will be given to private companies on a public-private partnership (PPP) model

The airports in Jaipur, Thiruvanthapuram and Guwahati airports will be leased to private companies for development, operation and maintenance on a public-private partnership (PPP) model for 50 years, said the government on Wednesday as it sought to open up the aviation sector, which has been hit hard by the coronavirus pandemic.

The three airports are part of the six airports won by the Adani group under a competitive bidding process. The group had in February signed a concession agreement with state-run Airports Authority of India (AAI) to manage airports in Ahmedabad, Lucknow and Mangalore but approval regarding the other three had