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'6-10 airports to be offered in next phase of privatisation'

New Delhi, Feb 4 The Centre is expected to offer 6-10 airports for the next stage of airport ...
'6-10 airports to be offered in next phase of privatisation'

New Delhi, Feb 4 The Centre is expected to offer 6-10 airports for the next stage of airport privatisation, a senior official said on Thursday.

The process that is expected to commence from FY22 will have 6-10 airports.

At present, the Centre is in the process of identifying these airports which will be offered via competitive bidding to private sector for a lease period of 50 years for operation, management and development of these assets.

Briefing about the Budget 2021-22 proposal for the aviation sector, Civil Aviation Secretary Pradeep Kharola said that both profitable and non-profitable airports will be clubbed for bidding.

On Monday, Finance Minister Nirmala Sitharaman proposed to continue with the next round of airport privatisation on a lease basis.

Till now, six airports, namely Lucknow, Jaipur, Ahmedabad, Guwahati, Thiruvananthapuram and Mangaluru, have been awarded via competitive bidding process.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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