Singapore's Changi airport to run Jaipur, Ahmedabad airports

Governments of India and Singapore signing an agreement for Singapore airport developer Changi being nominated for taking up the operations and management of the two Indian airports. The agreement was signed on November 24 during the visit of Prime Minister Narendra Modi to the island city state and will see Changi manage the retail space inside the terminal building and car parking space, a senior Airports Authority of India (AAI) official said. The operations of the airport will remain with AAI. The Government-to-Government agreement does away with the need for AAI to put out a tender for deciding on who they should tie-up with for operations and management of its airports and puts the enture process on a fast track, AAI officials said. A team from Changi is expected in India by the end of the year to do due diligence on the two airports and make an offer to AAI, which owns and manages Ahmedabad and Jaipur airports. The entire process is expected to be completed by April 1 next year by when Changi should be in a position to start working at these two Indian airports, officials said. Courtesy: The Hindu Business Line

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