The goal is to link smaller non-commercial airports with successful terminals as a package to bidders in order to make it a feasible pairing for investment under the PPP (public-private partnership) paradigm.
Parliament enacted the Airports Economic Regulatory Authority of India Bill, 2021 on August 4, 2021. The Airports Economic Regulatory Authority of India Act, 2008 is amended. This bill was tabled in Lok Sabha during this year's budget session in March 2021. It was then forwarded to the Standing Committee on Transportation, Tourism, and Culture, which issued its findings on July 22, 2021. Cities often have a single civilian airport that offers all aeronautical facilities in the region. These operations comprise air traffic control, aircraft landing and parking, and ground handling. As a result, airports have natural privileges in the area.
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The necessity for an independent tariff regulator in the airport industry was recognized to ensure that private airport operators do not abuse their monopoly. As a result, under the 2008 Act, the Airport Economic Regulatory Authority (AERA) was formed as an independent organization to control tariffs and other fees for aeronautical facilities at large airports.
