Setback for airport privatisation, key agreements to be drafted afresh

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SummaryAviation ministry takes the decision following certain differences with the Planning Commission over MCA principles.

MCA defeats the objective of public private partnership and is contrary to the Government of India’s established rules, which seek to ensure that concession agreements for natural monopolies like airports are not drawn in a way that the concessionaire enjoys “supernormal profits” at the expense of the public.

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