Finance Minister Nirmala Sitharaman proposed to continue with the next round of airport privatisation on a lease basis.

The Centre is expected to offer 6-10 airports for the next stage of airport privatisation, a senior official said on Thursday.

The process that is expected to commence from FY22 will have 6-10 airports.

At present, the Centre is in the process of identifying these airports which will be offered via competitive bidding to the private sector for a lease period of 50 years for the operation, management and development of these assets.

Briefing about the Budget 2021-22 proposal for the aviation sector, Civil Aviation Secretary Pradeep Kharola said that both profitable and non-profitable airports will be clubbed for bidding.

On Monday, Finance Minister Nirmala Sitharaman proposed to continue with the next round of airport privatisation on a lease basis.

Till now, six airports, namely Lucknow, Jaipur, Ahmedabad, Guwahati, Thiruvananthapuram and Mangaluru, have been awarded via a competitive bidding process.

Source: IANS

(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)

ALSO READ: Dalmia Bharat Reports Net Profit Of Rs 183 Cr In Q3 FY21