India to privatize 20 to 25 airports in second round of privatization

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The central government of India has revealed its plan for the second round of airport privatization. Under the proposal, the government is planning to privatize 20 to 25 airports across India which has passenger traffic from 1 million to 1.5 million.

In recent privatization of 6 major airports, Adani has emerged as the highest bidder for a concession to operate, manage and develop airports. The government is expecting more foreign interest in the second phase of privatization. The Airports Authority of India (AAI) is roving competence and capability of the public sector into the privatization of airports.

In February 2019 Airports Authority of India had announced privatization of six airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. Out of which union cabinet has chosen Adani as a private partner for the airports in Ahmedabad, Lucknow and Mangaluru. The other three airports will be awarded after clearing of disputes.

List of the country updates

Country updates

  • July 25, 2019

    Investment by Brookfield in Tower Infrastructure Trust

    Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into an agreement with BIF IV Jarvis India Pte Limited, an aff...

    Read more
  • July 15, 2019

    NHAI signs MoU with NIIF for funding highway projects in India

    National Highways Authority of India (NHAI) signed a Memorandum of understanding with National Investment and Infrastructure Fund (NIIF). NIIF is a fund promoted by the Government of India to give a b...

    Read more
  • July 10, 2019

    IndInfravit trust to buy nine operational roads equity from SIPL

    IndInfravit Trust (IndInfravit) and Sadbhav Infrastructure Project Limited (SIPL) executed definitive agreements whereby IndInfravit has agreed to purchase the entire equity shareholding of SIPL in ni...

    Read more
  • July 10, 2019

    Delhi High Court allows Bidvest to sell its stake in Mumbai Airport

    Bidvest is set to sell its 13.5% stake in Mumbai International Airport after the ruling of Delhi High Court on July 1. Bidvest holds a stake in consortium Mumbai International Airport Limited (MIAL) t...

    Read more
  • July 10, 2019

    GMR to sell four road projects to pay debt

    GMR Infrastructure will sell stakes in four operational road project and monetize part of industrial land holdings in India to pay-off debt. GMR is planning to complete the sale in 2019. GMR owns and...

    Read more

Share this update