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Cabinet approves proposal for leasing out of three airports-Ahmedabad, Lucknow and Mangaluru

Cabinet approves proposal for leasing out of three airports-Ahmedabad, Lucknow and Mangaluru

Jul 03, 2019, at 10:55 pm

New Delhi, Jul 3 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for leasing out of three airports viz. Ahmedabad, Lucknow and Mangaluru of Airports Authority of India (AAI) through Public Private Partnership (PPP) to the highest bidder Adani Enterprises Ltd. who quoted the highest bid for these airports, for operation, management and development under PPP for a lease period of 50 years as per the terms and conditions of the bid documents.