25 AAI – cooperated airports like Varanasi, Chennai, Nagpur and Bhubaneshwar are to be monetised by the government in the next four years. Which estimates to bring a net profit of Rs 20,782 crore. This initiative was illustrated under the national monetisation pipeline (NMP)on Monday. It will also have the inclusion of privates airports such as Mumbai (26 per cent stake), Delhi (26 per cent stake), Hyderabad (13 per cent stake), and Bangalore (13 per cent stake). The total evaluation of profit comes around 18 per cent of all the airport assets under AAI. Assets under monetisation are to have an increment of Rs 20,782 crore for FY 2022-25. Whereas under NMP there are about 13 sectors, along with airports government is planning to monetise with their brownfield infrastructure assets.
The airports root around 4 per cent of the overall Rs 6 lakh crore NMP as reported by Finance Minister Nirmala Sitharaman.
The airports included being are Udaipur, Dehradun, Indore, Ranchi, Coimbatore, Jodhpur, Vadodara, Patna, Vijaywada and Tirupati.
“The larger objective is to focus on monetisation of these 25 airports, while bundling of smaller airports may be explored based on market testing of transactions and investor feedback,” it said.
In the present fiscal six airports in Tier 2/Tier, 3 cities are spotted such as Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy for Monetisation.
“To ensure commensurate development of non-profitable airports along with the profitable airports with the help of private sector investment and participation, pairing /clubbing of smaller airports with each of the six bigger airports and leasing out as a package is being explored,” it said.
As of now handles 137 airports, including 24 international airports, 10 customs airports, and 103 domestic airports. AAI is an officially legalised structure enacted by the Parliament to ensure the management agent and analysis of the aviation sector.
“Airport monetisation through brownfield PPP models has been boosted in India by the success stories of asset monetisation of four airports Mumbai, Delhi, Hyderabad, and Bengaluru. This is primarily in terms of improved user experience and increases in value for all stakeholders,” the NMP document said.
Airports like Ahmedabad, Lucknow, Mangalore, Guwahati, Jaipur and Thiruvananthapuram were handed over to the private sector in FY 2020-2021. This agreement was supported by legalised documents to win the investors trust.
While smaller airports like Bhubaneswar, Varanasi, Amritsar, Trichy, Indore and Raipur are to be monetised in the current fiscal. Bigger ones like Chennai and Vadodara is expected in 2023-24 fiscal.
Calicut, Coimbatore, Madurai, Jodhpur are the eight airports accounted for monetisation in 2022-23 fiscal, while Dehradun, Agartala and Udaipur will be given in the last sector 2024-25 fiscal.