The state company in Kerala State in India, Thiruvananthapuram Corporation, has passed a resolution rejecting the proposed privatization of Trivandrum International Airport (TIA). TIA is one of the six airports of Airport Authority of India (AAI) which was given an in-principle union cabinet approval for privatization in November. AAI will hold the minority stake in all of the airports, with the selected private partners to hold up to 75% stakes in their respective airport.
The concession involves the operation, management and development leased out under Public Private Partnership (PPP) through Public Private Appraisal Committee (PPAC). The state government has requested the center to try out the CIAL model rather than a PPP scheme under a private company. The introduced model will provide the state with a major stake, just like CIAL.
Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong and Mitsubishi Corporation signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50...
Read moreSaudi-based Islamic Corporation for the Development of the Private Sector (ICD) halted plans for US$ 1 Billion fund with Infrastructure Leasing and Financial Services Group (IL&FS) Energ...
Read moreThe government of India has decided to tender PPP concessions for six airports located around the country: Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. The Airport Authorit...
Read moreThe Government of Maharashtra has extended the concession period for the Ahmednagar-Aurangabad road (SH-60) project of Ashoka Buildcon. The extension of the project will start on Decemb...
Read moreThe operator of Heathrow, Glasgow, Aberdeen and Southampton airports 'Ferrovial' and Canada-based Public Sector Pension Investment Board (PSP Investments) have emerged as final bidders seeking to acqu...
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