The Union Cabinet has approved a proposal for leasing out three airports through public-private partnership (PPP) for a period of 50 years. The move has been called "daylight robbery" by the LDF government in Kerala.
On August 19, Union Environment Minister Prakash Javadekar said the Cabinet had approved the proposal for leasing out Jaipur, Guwahati and Thiruvananthapuram airports through the PPP model.
"The Airports Authority of India (AAI) is not giving these airports permanently to the private operator. After running them for 50 years, the private operator would be handing over the airports back to the AAI," said the minister.
The minister said the AAI would receive Rs 1,070 crore as an upfront amount from the private operator for leasing the three airports and this fund would be used to develop airports in smaller cities.