AAI signs concession agreements with Adani Group
The Airports Authority of India (AAI) has signed three concession agreements with Adani Enterprises for operations, management and development of Ahmedabad, Lucknow and Mangaluru airports. The concessionaires are required to take-over the three airports after fulfilling certain conditions precedents within 180 days from February 14 and will operate, manage and develop the airports for the next 50 years.
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The concessionaires shall pay AAI a per passenger domestic fee of Rs 177, Rs 171 and Rs 115 for Ahmedabad, Lucknow and Mangaluru Airports respectively (both embarking and disembarking passengers) and in case of international passengers, the Concessionaire will pay two times of per passenger domestic fee. Further, the per passenger fee will be revised annually taking into account of the variation in the CPI (IW).
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