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Explained: The Airport consigned to Adani Group on lease!

By Priti Kumari

NEW DELHI: A couple of days after the official transfer of the Mangaluru International Airport to the Adani Group, Airport Authority of India assigned Lucknow's Chaudhary Charan Singh International Airport to the Adani Group on lease for the next 50 years.

Adani Group had won all the country's 6 major International Airports of Mangaluru, Lucknow, Ahmedabad, Jaipur, Guwahati and Thiruvananthapuram in an auction, offered by the Central Government in February 2019. As per the sources privy to the matter, the government will hand over Ahmedabad's Sardar Vallabhai Patel International Airport to the Adani Group on November 11, this year. While the other three airports of Guwahati, Jaipur & Thiruvananthapuram will soon be transferred to the same.

As per Cabinet release, "These projects will bring efficiency in delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector. This will also result in enhanced revenues to the AAI, which may lead to further investment by AAI at Tier 2 and Tier 3 cities and economic development in these areas in terms of job creation and related infrastructure".

By binding the airport to the Ahmedabad-based group, AAI will procure an upfront of Rs 1,070 crore from the group and a hefty amount of Rs 1,300 crore as a user fee for the next 50 years. This will boost the government to construct new pet airports in the country. Calling the government 'capitalist centric', Priyanka Gandhi Vadra stated," BJP's Diwali gift to people; unprecedented inflation. BJP's Diwali gift to their capitalist friends: 6 airports.

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