Dharwad: Union Civil Aviation Minister has identified 25 airports in the country under the airport authority of India (AAI) for monetization under national monetization pipe (MNP) and the airport Hubballi list.
Details have been placed on the website Niti Ayog.
Monetization applicable means giving the listed airports to the private sector.
Flights Union Ministry said that monetization is proposed to be conducted in four phases between 2022 and 2025.
It is intended to increase the financial resources for infrastructure development.
The greater goal is to focus on the monetization of 25 airports, while bundling small airports can be explored based on testing and feedback transaction market investors, said Niti Ayog and added that overall capital expenditure rated Rs 20 782 crore.
Hubballi Airport is the only airport of Karnataka in the list.
This proposal to privatize in the third phase – from 2023 to 2024.
Chennai, Vijayawada, Tirupati, Vadodara and Bhopal should be privatized during the same year.
Ministry Flights expects revenues of Rs 4,193 crore from service Hubballi Ministry expects capital expenditure of Rs 130 crore.
It is the third largest airport in the state with the increase in number of flights and passengers under the scheme Udan.
However, the move has attracted criticism centers.
“The government of the US has started to privatize the railways, BSNL, life insurance companies of India and now the airport.
It will be a step against the public interest because the private operators which come with the motive of profit will exploit end users.” Said Ramanjanappa Aldalli, President of the District Socialist Unity Center of India (Communist).
The Ministry of Aviation has stated that in order to ensure the development of airports that do not benefit commensurate with the airport profitable with the help of investment and private sector participation, pair / clubbandandan smaller airports with each of the six larger airport and ran as the package is being explored , Furthermore, the divestment residue AAI airports in four joint ventures have also been taken into consideration under the pipe monetization.
This includes airports operated by the private sector in Mumbai (26% share), Delhi (26%), Hyderabad (13%), and Bangalore (13%).
Airport Monetization Plan Year 2021-21 – Varanasi, Raipur, Bhuvaneshwar, Amritsar, Trichy, Indore 2022-23 – Patna, Nagpur, Calicut, Hubballi, Coimbatore, Madurai, Surat, Ranchi, Jodhpur 2024-25 – Imphal, Agartala, Udaipur, Dehradun, Rajmundry.