Seven bidders for US$575 million airport PPP in India

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Seven bidders for US$575 million airport PPP in India

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

Andhra Pradesh Airports Development Corporation (APDCL) has received seven responses to a Request for Qualifications (RFQ) for the development of a greenfield international airport in the state, located in the south-east of India. The estimated total investment of the project is INR42 billion (US$574.6 million).

To be located in Bhogapuram, 40km from Visakhapatnam, the largest city in the state, the airport is to be delivered by a private partner in three phases, on a design, build, finance, operate and transfer basis. After completion of the first phase, the airport will have capacity to handle six million passengers a year.

The second phase will double this capacity to 12 million passengers a year, and the third phase will increase annual handling capacity to 18 million passengers. The airport will have a separate cargo complex in order to cater to the growing need for air cargo services and facilities to support APCDL's ambition of creating a national maintenance, repair and overhaul (MRO) hub. The concession period is 40 years, with a 20-year extension option.

The seven bidders are: 

  • Bangalore International Airport Limited (BIAL), operator of the international airport serving Bangalore, the capital of the Indian state of Karnataka, in a joint venture with Mauritius-based I Investments.
  • Essel Infraprojects, subsidiary of Indian conglomerate Essel Group, in a joint venture with Flughafen München GmbH, the operator of Munich Airport in Germany (second-busiest airport in the country).
  • Flughafen Zürich, the operator of Zurich Airport in Switzerland (largest airport in the country), in consortium with an unnamed local bank.
  • GVK, an Indian conglomerate active in the domestic airports sector through its Power & Infrastructure subsidiary. Currently developing a new airport in the Mumbai Metropolitan Region under a concession.
  • GMR, a Bangalore-based infrastructure developer. Recently awarded concessions to upgrade and manage Dr. Babasaheb Ambedkar International Airport, located in Nagpur, Maharashtra (central India) and to build and operate a new international airport in Heraklion, Crete (Greece).
  • The National Investment and Infrastructure Fund (NIIF) in consortium with AviAlliance, an airport management company headquartered in Düsseldorf, Germany.
  • Mumbai-based Reliance Infrastructure in a joint venture with Incheon International Airport Corporation, operator of Incheon International Airport, the primary airport serving the Seoul Capital Area of South Korea.

APDCL published the RFQ in July, initially requesting qualifications be submitted before 24 August. This due date was pushed back multiple times, eventually to 16 October. APDCL reportedly plans to announce the winning bidder by the end of the month.

List of country news

Country news

  • October 02, 2018

    IRB Infrastructure Developers achieves financial close of US$300 million road project in Tamil Nadu

    IRB Infrastructure Developers has announced that its subsidiary IRB PS Highway Private Limited has achieved financial close of the four laning of a 56.8km section of National Highway (NH) 45A (new NH 32) in India, which runs between Poondiankuppam and Sattanathapuram in the state of Tamil Nadu.

    Read more
  • October 03, 2018

    GMR wins tender to upgrade and operate Nagpur Airport in India

    GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd., has announced that it has emerged as the highest bidder for the development, operations and management of Dr. Babasaheb Ambedkar International Airport, located in Nagpur, Maharashtra, central India.

    Read more
  • August 23, 2018

    US$500 million highway concession in India up for sale

    Ramky Infrastructure is reportedly in talks to sell the Narketpally Addanki Medarametala Expressway (NAMEL) concession to Cube Highways, valued at between INR33 and 35 billion (~US$470 and 500 million).

    Read more
  • August 06, 2018

    Tata-Siemens consortium wins US$1.2 billion Pune Metro PPP

    The Pune Metropolitan Regional Development Authority (PMRDA) has announced that a joint venture of Tata Reality Infra (TRIL) and Siemens Project Ventures has been awarded a contract to design, build, finance and operate a 23.3km metro line in the city, located in the state of Maharashtra, in western India.

    Read more
  • July 11, 2018

    First phase of US$2.3 billion airport PPP in India reaches financial close

    GVK Power & Infrastructure has announced that it has achieved financial close of the first phase of the INR160 billion (US$2.3 billion) Navi Mumbai airport PPP project. The company will deliver a new international airport in Maharashtra, west-central India, to relieve the pressure on Chhatrapati Shivaji International Airport (CSIA), the only airport currently serving the Mumbai Metropolitan Region.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.