India puts a cap on who can win its airports
The Indian government plans to restrict the number of airport bundles a single private bidder can win during the upcoming privatization of 11 Airports Authority of India airports, according to PTI. This cap aims to address concerns of market concentration and excessive leverage across projects. The Public Private Partnership Appraisal Committee (PPPAC) approved the proposal, which would see the 11 airports leased in five bundles under the public-private partnership model.
Each bundle will be awarded to one concessionaire, and the private operators are expected to invest a total of Rs 8,622 crore in the airports. After the airports are handed over, concessionaires will be required to retain 60% of AAI employees for up to three years and undergo a one-year joint-management period with existing AAI employees.
The move comes as India prepares for another round of airport privatization, driven by rising passenger traffic and increased investment from existing airport operators.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
