Maharashtra to reclaim airports awarded to Anil Ambani’s Reliance for development citing lack of progress
The Hindu
The Maharashtra government would soon reclaim the Latur, Osmanabad, Nanded, Yavatmal, and Baramati airports that were awarded to Reliance Airport Development in August 2009 for development, citing lack of progress.
The Maharashtra government would soon reclaim the Latur, Osmanabad, Nanded, Yavatmal, and Baramati airports that were awarded to Reliance Airport Development in August 2009 for development.
“Around 2009, some airports were given to Reliance for development for 30 years. However, due to the lack of progress in developing these airports, the State government is considering taking them back from the company. Works in Nanded and Latur airports have come to a complete halt,” Deputy Chief Minister Devendra Fadnavis informed the State Assembly on Friday.
Anil Ambani-led Reliance Airport Development had also failed to clear its dues, leading the State government to seek the opinion of the Advocate General to expedite the resolution.
“The company is not paying statutory dues. We will take AG’s opinion and find a solution,” stated Mr. Fadnavis.
To ensure effective airport management, an authority will be established, and a decision on the matter will be made within the next three months, he told the House.
Reliance Airport Development emerged as the highest bidder, securing the project for all five airports with a bid of ₹63 crore in an auction conducted by the previous Congress-Nationalist Congress Party government in 2009 to enhance air connectivity in Maharashtra.
Addressing the challenges of regional air connectivity, Mr. Fadnavis pointed out that Mumbai Airport, being the busiest in the country with over 700 flights taking off and landing, poses scheduling challenges for regional connectivity flights during prime hours, which are in the early mornings.
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