PPPAC in-principle nod for privatisation of 11 airports
Next steps involve final recommendation of PPPAC, followed by Cabinet nod
The Public Private Partnership Appraisal Committee (PPPAC) has given in-principle approval to the Ministry of Civil Aviation's proposal for the third round of airport privatization, covering 11 airports across five bundles. The proposal will now move towards securing final approval, after which it will be placed before the Cabinet Committee on Economic Affairs (CCEA) for consideration.
The move comes amid concerns over potential risks of oligopolistic concentration and excessive leverage in the airport sector, with the Ministry proposing to cap the number of airport bundles that can be awarded to a single bidder.
Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
