Aai Concession Agreement

The agreements were signed by subsidiaries Adani Ahmedabad International Airport Ltd, Adani Lucknow International Airport Ltd and Adani Mangaluru International Airport Ltd. The concessions were signed with concessionaires Adani Ahmedabad International Airport, Adani Lucknow International Airport and Adani Mangaluru International Airport. “Over the past 30 years, @AdaniOnline has filled critical demand gaps in India. Today, as we sign the concession contracts for Mangaluru, Lucknow & A`bad with @AAI_Official, it is the beginning of another historic journey that meets the exponential demands of India`s airport infrastructure,” Gautam Adani wrote on Twitter. “It is expected that the concession contract for the three airports can be signed within the next two months,” a source said. The Airports Authority of India (AAI) has signed the agreement with adani Group for Jaipur, Thiruvananthapuram and Guwahati airports, sources told CNBC-TV18. Concessionaires are required to take over Ahmedabad, Lucknow and Mangaluru airports within 180 days from 14 February 2020, after fulfilling certain conditions, and will operate, manage and develop the airports for the next 50 years, in accordance with the conditions set out in the agreements. Concession contracts for the other three airports – Jaipur, Guwahati and Thiruvananthapuram – were signed between the two sides in September. However, AAI granted a three-month extension from a six-month claim. . (This story has not been edited by standard professionals and is automatically generated from a syndicated feed.) On August 19, the Union Cabinet had authorized the lease of the three public airports under a public-private partnership, confirming Adani Group as the highest bidder for all three airports. .

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