NEW DELHI: The Adani Group It will take over the operation and management of Mangaluru, Lucknow and Ahmedabad airports on October 31 and November 2 and 7, respectively, the Airports Authority of India (AAI) announced on Thursday. Citing the pandemic, the group had time to take over the airports and had been asked by AAI to do so before November 12.
Adani Group is also likely to take over Mumbai International Airport Ltd (MIAL) and the upcoming Navi Mumbai Airport before the end of the year, where it will acquire a majority stake from the outgoing developer. GVK Group. It has won the tender to operate, manage and develop six AAI airports – Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram – PPP style for 50 years. The process of taking control of Jaipur, Guwahati and Thiruvananthapuram will be completed soon.
The Ministry of Aviation signed three memoranda of understanding with the concessionaires: Adani Ahmedabad International Airport Ltd, Adani Lucknow International Airport Ltd and Adani Mangaluru Ltd International Airport – Thursday for the provision of services such as customs, immigration, plant and animal quarantine, health, assistance and security (collectively called reserved services). AAI has also signed three separate communications, navigation and surveillance systems for air traffic management with these concessionaires for services at these three airports.
With eight airports, including mega-success Mumbai, to his credit, Adani Group Chairman Gautam adani I had spoken last month about a hub and speak model.
“… We see airports as a powerful engine to drive local economic development, as well as acting as a critical lever to help converge Tier 1 cities with Tier 2 and Tier 3 cities in a hub and spoke model. This hub and spoke model is critical to enable greater equalization of our growing urban-rural divide, as well as to take advantage of the cost arbitrage that exists between different locations to make us more competitive as a nation. This is critical for the creation of new net jobs. Given our extensive experience in infrastructure, we are well positioned to help make this happen, ”Gautam Adani said in a statement last month.
The concession agreements for the operations, management and development of Ahmedabad, Lucknow and Mangaluru airports Through the PPP mode, they were signed on February 14, 2020. But the pandemic delayed the taking of these airports by the Adani Group.
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