The Airports Authority of India (AAI) has signed concessions of Managaluru International Airport, Ahmedabad International Airport and Lucknow International Airport with subsidiaries of Adani Group. Adani Ahmedabad International Airport Limited, Adani Lucknow International Airport Limited and Adani Mangaluru International Airport Limited will be responsible for the airports in Ahmedabad, Lucknow, and Mangaluru respectively.
The concession includes the development, operations, and management of the airports for a period of 50 years. Adani group will pay INR 36 billion (US$ 502.20 million) as lease fees of the airports and will spend INR 60 billion (US$ 0.83 billion) on the development of the airports for the next seven years post takeover.
Country updates
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February 13, 2020
Indian Railways looks to invest US$ 7 billion in redevelopment of 50 station
Indian Railways has plans to award redevelopment of 50 stations across the country in year 2020-21 at a cost of INR 500 billion (US$ 7 billion). The initiative has drawn the attention of many Indian&n...
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February 12, 2020
India to develop five more smart cities on PPP model
The government of India has pledged to develop five more smart cities under India’s Smart Cities Mission. The announcement to develop five cities was part of the financial budget executed by the...
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February 12, 2020
India launches plan to build 100 new airports and privatize railway lines
The Ministry of Finance in India has launched plans to build 100 new airports by 2024, the plan is outlined in the 2020 budget. The budget 2020 also includes plans to operate 1,150 train routes on the...
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January 21, 2020
Deadline extension for new model concession of medical colleges in India
Niti Aayog in India has extended the deadline for a public-private partnership model concession method to link new or existing private medical colleges with functional district hospitals to augme...
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January 21, 2020
Bidvest restrained from selling stake in MIAL by Arbitration tribunal
The arbitration tribunal has restrained Bidvest from the transfer of its 13.5% stake in Mumbai International Airport Pvt. Ltd. (MIAL) to the bidder Adani. The hearing stated that no transfer will...
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