Government of Thiruvananthapuram rejects Trivandrum International Airport concession proposal

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The state company in Kerala State in India, Thiruvananthapuram Corporation, has passed a resolution rejecting the proposed privatization of Trivandrum International Airport (TIA). TIA is one of the six airports of Airport Authority of India (AAI) which was given an in-principle union cabinet approval for privatization in November. AAI will hold the minority stake in all of the airports, with the selected private partners to hold up to 75% stakes in their respective airport.

The concession involves the operation, management and development leased out under Public Private Partnership (PPP) through Public Private Appraisal Committee (PPAC). The state government has requested the center to try out the CIAL model rather than a PPP scheme under a private company. The introduced model will provide the state with a major stake, just like CIAL.

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