Jharkhand
25 Airports Across the Country, Including Ranchi, to be Leased out
- 20 Dec 2022
- 2 min read
Why in discussion?
On December 19, 2022, Union Minister of State for Civil Aviation V.K. Singh informed that private sector companies are operating airports in major cities of the country. Airports in 25 other cities of the country, including Ranchi, have been selected for leasing out between 2022 and 2025 under the National Monetization Pipeline (NMP).
Key Points
- According to the Union Minister of Civil Aviation- Patna, Ranchi, Bhubaneswar, Varanasi, Amritsar, Trichy, Indore, Raipur, Calicut, Coimbatore, Nagpur, Madurai, Surat, Jodhpur, Chennai, Vijayawada, Vadodara, Bhopal, Tirupati, Hubli, Imphal, Agartala, Udaipur, Dehradun and Rajahmundry have been selected for leasing in the country.
- The Airports Authority of India (AAI) has leased eight airports for long-term operations under PPP model. The ministry believes that in public interest, it is being leased out to the private sector so that modern airports can be built in the country.
- V.K. Singh said that airports have emerged as the center of economic activity. Airport infrastructure in the country is being developed with the revenue earned from leasing out airports. At the same time, the central government has approved the construction of 21 green field airports in the country, out of which 10 greenfield airports have started.
