In the face of new challenges posed in aviation security and safety, the government will soon take a "fresh look" at the concession agreements signed with private parties on developing airports in the country.
As per a PTI report, the concession agreements already in existence with private players which govern the running of major airports like those in Delhi, Mumbai, Hyderabad, Bangalore and Cochin may not be disturbed.
"We are planning to review all the concession agreements. ....there is a need to have a fresh look to make them better," Civil Aviation Secretary Nasim Zaidi said at a conference of airport operators from Asia-Pacific here.
Observing that the aviation and airport sector would require USD 30 billion worth of investments in the next 15 years, he said with the massive increase in air traffic, the development of new greenfield airports and upgradation of existing ones have thrown up new challenges.
» Read Complete News.....(You need to login first to read complete news). New User? Register for FREE!
» Back to Travel News