6 airports to be developed on PPP model

The Union government has given approval to a proposal to develop as many as six airports namely, Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru through public-private partnership (PPP).

A decision in this regard was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi. Operation, management as well as development of these airports would be done through Public Private Partnership Appraisal Committee (PPPAC).

According to the Cabinet, the move is expected to enhance the revenue to the Airports Authority of India and increased economic development in these areas in terms of creation of jobs and related infrastructure.

In airport infrastructure projects, PPP brings efficiency in service delivery, expertise, enterprise as well as professionalism other than harnessing the needed investments in the public sector.

Image Credit : images.financialexpress.com

Author: Research Desk