Govt plans to monetise 25 AAI airports in next four years
AVIATION & AIRPORTS

Govt plans to monetise 25 AAI airports in next four years

Over the next four years, the government plans to monetise 25 AAI-managed airports, including Chennai, Bhubaneshwar, Varanasi and Nagpur, which could get investments worth Rs 20,782 crore.

Moreover, the divestment of residual stake of the Airport Authority of India's (AAI) in four airports JVs was also considered under the National Monetisation Pipeline (NMP) revealed on Monday.

It includes the private sector operated airports in Delhi, Bengaluru, Mumbai and Hyderabad. The overall assets of the airport for monetisation account for 18% of the total assets of the airport under the management of the AAI. The overall asset value considered for monetisation is estimated to be Rs 20,782 crore for FY 2022-25.

The government identified 13 sectors under the ambitious NMP, including airports, to monetise their brownfield infrastructure assets. Finance Minister Nirmala Sitharaman revealed on Monday that the airport sector contributes 4% to the overall Rs 6 lakh crore NMP.

According to the NMP document, 25 significant AAI airports are considered for monetisation over FY 2022-25. These airports include Dehradun, Ranchi, Jodhpur, Patna, Tirupati, Udaipur, Indore, Coimbatore, Vadodara and Vijayawada.

The AAI identified six airports during the current fiscal in Tier 2/Tier 3 cities like Varanasi, Indore, Trichy, Amritsar, Bhubaneswar and Raipur, for monetisation through brownfield PPP models.

The AAI handles 137 airports, including ten customs airports, 103 domestic airports and 24 international airports. The AAI is a legal body constituted by an Act of Parliament responsible for upgrading, creating, maintaining and managing civil aviation infrastructure on both the ground and air space in the country.

Image Source


Also read: Centre to raise Rs 15k cr from sale of real estate and hotel assets

Also read: Govt identifies 400 stations, 90 trains for asset monetisation

Over the next four years, the government plans to monetise 25 AAI-managed airports, including Chennai, Bhubaneshwar, Varanasi and Nagpur, which could get investments worth Rs 20,782 crore. Moreover, the divestment of residual stake of the Airport Authority of India's (AAI) in four airports JVs was also considered under the National Monetisation Pipeline (NMP) revealed on Monday. It includes the private sector operated airports in Delhi, Bengaluru, Mumbai and Hyderabad. The overall assets of the airport for monetisation account for 18% of the total assets of the airport under the management of the AAI. The overall asset value considered for monetisation is estimated to be Rs 20,782 crore for FY 2022-25. The government identified 13 sectors under the ambitious NMP, including airports, to monetise their brownfield infrastructure assets. Finance Minister Nirmala Sitharaman revealed on Monday that the airport sector contributes 4% to the overall Rs 6 lakh crore NMP. According to the NMP document, 25 significant AAI airports are considered for monetisation over FY 2022-25. These airports include Dehradun, Ranchi, Jodhpur, Patna, Tirupati, Udaipur, Indore, Coimbatore, Vadodara and Vijayawada. The AAI identified six airports during the current fiscal in Tier 2/Tier 3 cities like Varanasi, Indore, Trichy, Amritsar, Bhubaneswar and Raipur, for monetisation through brownfield PPP models. The AAI handles 137 airports, including ten customs airports, 103 domestic airports and 24 international airports. The AAI is a legal body constituted by an Act of Parliament responsible for upgrading, creating, maintaining and managing civil aviation infrastructure on both the ground and air space in the country. Image Source Also read: Centre to raise Rs 15k cr from sale of real estate and hotel assets Also read: Govt identifies 400 stations, 90 trains for asset monetisation

Next Story
Infrastructure Urban

Cabinet Approves Rs 1 Lakh Cr Employment Incentive Scheme

The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with an outlay of Rs 99,446 crore to generate over 3.5 crore jobs over two years. The scheme supports both employees and employers, especially in the manufacturing sector.First-time employees earning up to Rs 1 lakh will get up to Rs 15,000 in two instalments. Employers hiring two or more workers will receive incentives up to Rs 3,000 per month for up to four years. The scheme also promotes savings and financial literacy among youth...

Next Story
Infrastructure Transport

Cabinet Clears Rs 1,853 Cr Four-Lane Highway in Tamil Nadu

The Union Cabinet has approved the four-laning of the 46.7 km Paramakudi-Ramanathapuram stretch of NH-87 in Tamil Nadu at a cost of Rs 1,853 crore under the Hybrid Annuity Model. The project will ease traffic congestion and improve connectivity between key towns and economic zones.The highway links five NHs and three SHs, and connects to Madurai airport, Rameshwaram port, and major railway stations. It is expected to generate 18 lakh+ person-days of employment and boost tourism and trade in the region. ..

Next Story
Infrastructure Energy

Minister Inaugurates New Tech, Campaigns at SECL Mines

Union Minister of State Shri Satish Chandra Dubey visited SECL mines, inaugurating a low-height Continuous Miner at Chirimiri’s NCPH mine and a mechanical ventilator at Churcha mine. He praised the use of advanced technology to boost safe underground coal production, targeting 100 million tonnes by 2030.He also planted trees under ‘Ek Ped Maa Ke Naam’, inaugurated bio-toilets for women miners, and honoured workers. In Raipur, he met Chhattisgarh CM to discuss land acquisition for coal projects. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?