AAI earned Rs 30,069 cr from three way partnership and PPP airports until FY21: Govt

The Airports Authority of India (AAI) has earned roughly Rs 30,069 crore until 2020-21 from its three way partnership airports or public non-public partnership (PPP) airports which can be being run by non-public entities, Minister of State for Civil V Okay Singh mentioned on Thursday.

At present, main airports of corresponding to Delhi, Bengaluru, Mumbai, Hyderabad and Nagpur are being managed and operated by non-public entities underneath a three way partnership mannequin or a mannequin.

“The has accrued roughly Rs 30,069 crore from its three way partnership airports/public non-public partnership airports run by non-public entities until monetary yr 2020-21,” Singh mentioned in a written reply to a query in Lok Sabha.

“In 2020-21, authorities of India has accrued roughly Rs 856 crore from Hyderabad Worldwide Airport Restricted (HIAL) and Bangalore Worldwide Airport Restricted (BIAL) as concession payment,” he added.

The AAI, which works underneath the Ministry of Civil Aviation, owns greater than 100 airports throughout the nation.

“The federal government of India has accrued roughly Rs 846 crore by means of Assure Price, Earnings Tax and Items & Service Tax (GST) from the airports run by the through the yr 2020-21,” Singh acknowledged.

(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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