India launches PPP tenders for Chennai and Lucknow airports
The Indian Ministry of Civil Aviation has launched a Request For Qualification (RFQ) for the Operation, Management and Development of Chennai and Lucknow airports on Public Private Partnership (PPP) basis.
The Request for Qualification for these two airports are invited up to mid October, 2013 and financial bids are likely to be received by mid December, 2013.
The deadlines for submissions of applications are the following:
- Chennai airport: 17 October 2013
- Lucknow airport: 18 October 2013
The estimated investment required in the RFQs are the following:
- Chennai airport: Rs. 1,200 crores (US$187 million)
- Lucknow airport: Rs. 500 crores (US$78 million)
Other four airports namely Kolkata, Guwahati, Jaipur and Ahmedabad are likely to be taken on the same pattern shortly. The scope includes the entire airport including the airside and city side facilities on long term concession.
In order to secure representation of the Airports Authority of India on the Board of the SPV, the Concession Agreement will include a provision for issue of a golden share in accordance with a Shareholders' Agreement that would form part of the Concession Agreement.
Bids are invited for the project on the basis of the premium in the form of revenue share to the authority for award of the concession.
Candidates can be awarded just two airports out of the six airports to be awarded by the authority and no more than one airport from Kolkata, Chennai and Ahmedabad airports.
Source: Government of IndiaCountry news
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