Indian government mulls PPP stake sale at new airports

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The Indian ministry for civil aviation says it is considering selling its stake at a number of new airports including Navi Mumbai, Goa, Itanagar and Kannur under a public-private partnership (PPP) model.

In addition, the government is mulling a sale of its ownership interest for the maintenance and operation of the recently renovated airports at Chennai and Kolkata, it said in a statement.

The existing airports in New Delhi, Hyderabad, Bengaluru and Mumbai are operated under the PPP model.

The ministry added that it will seek approval for the proposals from the cabinet committee of infrastructure.