The government’s attempt at privatising maintenance of airport terminals has drawn a blank from investors. And, has forced the Narendra Modi government to mull complete privatisation — a plan initiated by the previous United Progressive Alliance government but dropped by the current regime, facing protest from employee unions.
The plan is to privatise at least eight government-owned airports — Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati.
The civil aviation ministry is having discussions on designing the model on how the airports would be bid out, according to sources. It is likely the airports will be bid out for 30 years and the tariffs will be fixed upfront.
Read more »
Source: Travel News