homeeconomy NewsSix more airports to be privatized in next few months: DEA Secretary Tarun Bajaj

Six more airports to be privatized in next few months: DEA Secretary Tarun Bajaj

Speaking on private sector participation in domestic assets, DEA Secretary Tarun Bajaj told CNBC-TV18 that in addition to the six airports that have been privatized recently, six more would be privatized shortly.

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By Shereen Bhan  Nov 6, 2020 4:33:00 PM IST (Updated)

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Speaking on private sector participation in domestic assets, DEA Secretary Tarun Bajaj told CNBC-TV18 that in addition to the six airports that have been privatized recently, six more would be privatized shortly.

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“Trains coming out in the PPP (public private participation) mode; Delhi and Mumbai railway stations which are huge are also looking out for funds in the market,” Bajaj said.
Similarly in roads sector, the National Highways Authority of India was planning a new Toll-operate-Transfer bundle shortly.
He said the plan for privatisation of distribution companies in the union territories was being given final touches and the Ministry of Power has said that it would be ready in the next 6-8 months.
Similarly what PGCIL and NHAI are working on InvITs and these InvITs will give an opportunity again to these funds to come and invest.
“Power Grid Corporation of India (PGCI) and National Highways Authority of India (NHAI) are working on InvITs. These InvITs will give opportunity to these funds to come and invest in those InvITs,” he added.

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