Which is the first airport in India to be developed under the Public-Private Partnership (PPP) model, established in 1994 with a unique ownership structure involving the state government, NRIs, financial institutions, and industrial enterprises?​

Correct option is C

The Cochin International Airport Limited (CIAL), founded in 1994, was the first airport in India built under the PPP model. Its ownership structure, involving the Kerala government, NRIs, financial institutions, and industrial enterprises, made it a pioneering project in India’s airport infrastructure.

Knowledge Booster:

• CIAL is also notable for being the world’s first fully solar-powered airport.

• The success of CIAL inspired other Indian airports like Hyderabad and Bengaluru to adopt the PPP model.