business ✈️ Centre gives nod to lease 11 AAI airports
The Centre has given in-principle approval to lease out 11 Airports Authority of India (AAI) airports through five bundled concessions. This decision was made by the PPPAC during its 149th meeting held on August 4th. The five bundles include Amritsar-Kangra, Varanasi-Gaya-Kushinagar, Bhubaneswar-Hubballi, Raipur-Aurangabad, and Tiruchirappalli-Tirupati. These concessions will cover operations, management, and development for a period of 50 years. MoCA will now conduct a market sounding exercise before submitting the proposal for a final recommendation. ✈️