Indian Ministry of Civil Aviation notes recommendation to privatise Chennai and Kolkata airports

India's Minister of Civil Aviation Ajit Singh stated (14-Aug-2012) a Task Force on Financing Plan for development of airports recommended that operations and management of Chennai and Kolkata airports could be taken up through public-private Partnership (PPP) mode. Similarly, it has also been recommended that operations and management of airports at Jaipur and Ahmedabad may also be taken up through PPP mode. The Task Force "emphasised that projected investment at these airports can fructify only if the PPP approach was adopted extensively. This would not only help attract the requisite volumes of investment, it would also ensure generation of significant volumes of non-aeronautical revenues that would help reduce the passenger charges to affordable levels". [more - original PR]