Airports Authority of India signed three Concession Agreements today for Operations, Management and Development of Ahmedabad, Lucknow and Mangaluru airports through PPP mode with the Concessionaires i.e. Adani Ahmedabad International Airport Ltd, Adani Lucknow International Airport Ltd, and Adani Mangaluru International Airport Ltd respectively. The agreements were signed by Mr. B.K. Mehrotra, Executive Director, Strategic Initiative Unit on behalf of AAI and Mr. BehnadZandi, Chief Executive Officer – AirportsAdani Enterprise Ltd. at Corporate Headquarters of AAI in the presence of Chairman, AAI, Board Members and other senior officials of AAI and Adani Enterprises Limited.

The concessionaires are required to take-over the Ahmedabad, Lucknow, and Mangaluru airports after fulfilling certain conditions precedents within 180 days from 14th February, 2020and will operate, manage and develop the airports for next 50 years, in accordance with the terms and conditions specified in the Concession Agreements

An International competitive bidding process for PPP transactions for six airports (viz.Ahmedabad, Lucknow, Mangaluru Guwahati, Jaipur, and Thiruvananthapuram,) was initiated by AAI during December 2018 and Adani Enterprises Limited emerged the highest bidder for these airports. During July 2019, the Central Government conveyed the approval for the award of concession to the Highest Bidder for Ahmedabad, Lucknow and Mangaluru airports. In respect of the remaining three airports, the approval of the Central Government is awaited.

The concessionaires shall pay AAI a per passenger domestic fee of Rs.177.00, Rs.171.00 and Rs.115.00 for Ahmedabad, Lucknow and Mangaluru Airports respectively (both embarking and disembarking passengers) and in case of international passengers, the Concessionaire will pay two times of per passenger domestic fee. Further, the per passenger fee will be revised annually taking into account of the variation in the CPI (IW).

The concession fee that AAI would receive will be utilized for the maintenance and development of other brownfield airports and also the development of RCS –UDAN and other Greenfield airports across the country.

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *