The union government is looking forward to monetise 25 airports managed by Airports Authority of India (AAI) over the next four years which could bring in the investments worth rupees 20,782 crore.
Additionally, the privation of AAI's residual value in four airport JVs which has also been considered under the national monetisation pipeline (NMP) that was announced on Monday.
This monetisation includes the private sector operated airports in Mumbai with 26 percent stake, Delhi with 26 percent stake, Hyderabad with 13 percent stake, and Bangalore 13 percent stake.
The total airport assets considered for monetisation values for 18 percent of the overall airport assets under management of the AAI.
The aggregate value of assets that are considered for monetisation is estimated at rupees 20,782 crore for FY 2022-25.
Under the ambitious NMP of government, it has identified 13 sectors that also compromises airports and which could monetise their brownfield infrastructure assets.
The airports sector contributes 4 percent to the overall rupees 6 lakh crore NMP accounced by Finance Minister of India, Nirmala Sitharaman on Monday.
According to the NMP document, the 25 major AAI airports that are considered for monetisation over FY 2022-25 that comprehends Udaipur, Dehradun, Indore, Ranchi, Coimbatore, Jodhpur, Vadodara, Patna, Vijaywada and Tirupati.
The AAI has identified six airports in Tier 2/Tier 3 cities during its current fiscal year namely, Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy for the monetisation through brownfield PPP models.
The AAI administers 137 airports which compromises 24 international airports, 10 customs airports and 103 domestic airports.
The AAI is a legislative body established by an Act of Parliament with the responsibility to create, upgrade, maintain and manage civil aviation infrastructure both on the ground and air space in the nation.
During the fiscal year 2020-21, six AAI airports were let out to private sector through PPP based model. The airports were, Ahmedabad, Lucknow, Mangalore, Guwahati, Jaipur and Thiruvananthapuram.