As per the National Monetization Pipeline (NMP), Hubballi Airport has been earmarked for Leasing by 2025. Hubballi Airport is the only Airport in Karnataka selected for the same.
Airport Authority of India (AAI) has earmarked a total of 25 Airports for leasing over the years 2022-25. Hubballi Airport is likely to be leased by the end of 2024.
This information was given by the Minister of State in the Ministry of Civil Aviation Gen. (Dr) V. K. Singh (Retd) in a written reply to a question in Rajya Sabha yesterday.
States and Passengers are the ultimate beneficiaries of enhanced airport infrastructure and facilities created by the private partner, who operates, manages, and develops the leased airports under PPP.
25 airports earmarked for Leasing: Bhubaneshwar, Varanasi, Amritsar, Trichy, Indore, Raipur, Calicut, Coimbatore, Nagpur, Patna, Madurai, Surat, Ranchi, Jodhpur, Chennai, Vijayawada, Vadodara, Bhopal, Tirupati, Hubli, Imphal, Agartala, Udaipur, Dehradun, and Rajahmundry.
Also read: Industry recommends International Airport at Hubballi.
AAI has already leased out eight of its airports under Public Private Partnership (PPP) for operation, management, and development on a long-term lease basis. They are as follows:
- Indira Gandhi International Airport, Delhi – M/s Delhi International Airport Limited (DIAL).
- Chhatrapati Shivaji Maharaj International Airport, Mumbai – M/s Mumbai International Airport Limited (MIAL).
- Chaudhary Charan Singh International Airport, Lucknow – M/s Lucknow International Airport Limited (LIAL).
- Sardar Vallabhbhai Patel International Airport, Ahmedabad – M/s Ahmedabad International Airport Limited (AIAL).
- Mangaluru International Airport – M/s Mangaluru International Airport Limited (MaIAL).
- Jaipur International Airport – M/s Jaipur International Airport Limited (JIAL).
- Lokpriya Gopinath Bordoloi International Airport, Guwahati – M/s Guwahati International Airport Limited (GIAL).
- Thiruvananthapuram International Airport – M/s TRV-Kerala International Airport Limited (TIAL).
Airports have emerged as a nucleus of economic activities and have a multiplier effect on the economy of the State. The revenue received by AAI from the leased airports is also utilized in the development of airport infrastructure across the country.
Airports of AAI are leased out in the public interest for their better management utilizing the efficiency and investment of the private sector.