Cab­i­net nod for six air­ports to go pri­vate

Mail Today - - MY BIZ - By Mail To­day Bu­reau in New Delhi

THE UNION Cab­i­net on Thurs­day ap­proved a pro­posal to man­age Jaipur, Luc­know, Ahmed­abad and three other air­ports un­der pub­lic pri­vate part­ner­ship (PPP).

The three other aero­dromes are those at Guwahati, Thiru­vanan­tha­pu­ram and Man­galuru. The op­er­a­tion, man­age­ment and de­vel­op­ment of all th­ese aero­dromes, owned by the Air­ports Au­thor­ity of In­dia (AAI), would be done un­der PPP, an of­fi­cial tweet said.

This would be done through Pub­lic Pri­vate Part­ner­ship Ap­praisal Com­mit­tee (PPPAC). Any is­sue that is be­yond the scope of PPPAC would be dealt with by an em­pow­ered group of sec­re­taries, the tweet said. The group would be headed by NITI Aayog CEO.

Sec­re­taries of Civil Avi­a­tion Min­istry, De­part­ment of Eco­nomic Af­fairs and De­part­ment of Ex­pen­di­ture would be part of the group.

Jaipur, Luc­know & Ahmed­abad on list

The Cab­i­net also ap­proved strate­gic sale of gov­ern­ment stake in Dredg­ing Cor­po­ra­tion of In­dia to con­sor­tium of four ports.

The gov­ern­ment cur­rently holds 73.44 per cent in Dredg­ing Cor­po­ra­tion of In­dia Ltd (DCIL). CCEA has given in prin­ci­ple ap­proval for strate­gic dis­in­vest­ment of 100 per cent Gov­ern­ment of In­dia's share in DCIL to con­sor­tium of 4 ports, namely Vishakha­p­at­nam Port Trust, Pa­radeep Port Trust, Jawa­har­lal Nehru Port Trust and Kandla Port Trust, an of­fi­cial tweet said.

The ap­proval will fur­ther fa­cil­i­tate the link­age of dredg­ing ac­tiv­i­ties with the ports, keep­ing in view the role of the DCIL in ex­pan­sion of dredg­ing ac­tiv­ity in the coun­try as well as po­ten­tial di­ver­si­fi­ca­tion of ports into third party dredg­ing, the tweet said af­ter the meet­ing of the Cab­i­net Com­mit­tee of Eco­nomic Af­fairs (CCEA) chaired by Prime Min­is­ter Naren­dra Modi.

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