AAI Has Leased Out Eight Airports Through PPP Model

As per National Monetisation Pipeline (NMP), 25 airports of Airports Authority of India (AAI) have been earmarked for leasing over the years 2022 to 2025.

AAI has leased out eight of its airports namely Delhi, Mumbai, Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore and Thiruvananthapuram through
Public Private Partnership (PPP) for operation, management and
development on a long term lease basis.

Out of these, Delhi and Mumbai airports were handed over in 2006, the Rajya Sabha was told.

During the last five years from 2017-18 to 2021-22, AAI has received revenues of approximately Rs 5,500 crore from Delhi Airport and Rs 5,174 crore from Mumbai Airport.

The six airports recently awarded under PPP — Mangalore, Lucknow,
Ahmedabad, Guwahati, Jaipur and Thiruvananthapuram have been handed over to the Concessionaires on 31 October 2020, 2 November 2020, 7 November 2020, 8 October 2021, 11 October 2021 and 14 October 2021 respectively.

Till February, 2023, AAI has received concession fees of approximately Rs 896 crore from the concessionaires for these six airports.

Further, AAI has also received an amount of approximately Rs 2,349 crore in the form of upfront fee towards the capital expenditure incurred by AAI at these airports.

During the PPP process from March 2018 till handing over the airports
to the PPP Partner, AAI spent an amount of approximately Rs 1,970 crore
towards capital works at the recently awarded six PPP airports.

This capital expenditure incurred by AAI has been paid to AAI by the
PPP Partner.