Private Sector

AAI Asks Adani Group To Take Over Ahmedabad, Lucknow, Mangalore Airports

AAI Asks Adani Group To Take Over Ahmedabad, Lucknow, Mangalore Airports

AAI Asks Adani Group To Take Over Ahmedabad, Lucknow, Mangalore Airports By 12 November

AAI Asks Adani Group To Take Over Ahmedabad, Lucknow, Mangalore Airports – The Airports Authority of India (AAI) has asked Adani Group to require over and begin running the Ahmedabad, Lucknow, and Mangalore airports by November 12, 2020, reports India Infrahub.

The process of delivering remaining airports to the Adani Group — Guwahati, Jaipur, and Trivandrum — is on with the letter of the award being issued thereto.

In July, the Adani Group had cited the act of God arising from COVID 19 pandemic to tell the Airports Authority of India (AAI) that it’s going to need to the six airports it had won in February 2019, delay taking up the three Ahmedabad, Lucknow and Mangalore of the group has not appropriated the remaining three airports at Jaipur, Trivandrum, and Guwahati, since they were stuck in litigation invited within the first round, (the) Concessionaire Agreement, has already been signed in February 2020 for 3 – Ahmedabad, Lucknow, and Mangaluru (AEL) has cited the act of God and filed for an extension in March 2020 and sought time till 15th February 2021.

As approved for leasing out on PPP and therefore the Letter of Award issued to M/s Adani Enterprises Ltd (AEL) winning bidder of Ahmedabad, Lucknow, and Mangaluru airports (Adani Group) other three – Guwahati, Jaipur, and Trivandrum have also been having got to take over the airports by November 12 than the opposite three are going to be handed from them for the six airports, around Rs 1,000 crore followed by another Rs 1,300 crore ” AAI chairman Arvind Singh said.

With 50 year concession for operating all the 6 currently AAI-operated airports Adani Group group had bagged the – Guwhati, Ahmedabad, Lucknow, Jaipur, Trivandrum, and Mangalore – which were all the five airports to bag the contracts during a very competitive race.

The AAI board has now recommended running six more airports PPP way — Varanasi, Amritsar, Bhubaneshwar, Raipur, Indore, and Trichy — that an investment of Rs 13,000 crore, the method is currently underway in these 12 airports from private players,” Singh said.

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