Maharashtra government would soon be taking back five airports from Anil Ambani’s Reliance Airport Development (ADA) that was awarded to the company back in 2009.
The five airports – Latur, Osmanabad, Nanded, Yavatmal and Baramati – were awarded to ADA for development.
According to Rediff, senior ministers of Maharashtra, comprising Revenue Minister Eknath Khadse and Finance Minister Sudhir Mungantiwar met Chief Minister Devendra Fadnavis a couple of days ago and observed the lack of progress in development of these airports.
They then decided to take charge of these airports from Reliance.
ADA had won the highest bid at Rs.63 crore (Rs.630 million) for these five airports project and were to develop them to have better air connectivity in Maharashtra.
While no one from ADA said anything on the matter, few member of the Maharashtra Airport Development Company, who would now take charge of the airports, confirmed the news.
The deadline for the transfer is yet to be confirmed.