The ministry of civil aviation in India has told the Parliament that the Airport Authority of India (AAI) is recommending to lease out 6 airports for operation, management, and development under PPP model. The 6 proposed airports are Varanasi, Amritsar, Bhubaneswar, Trichy, Indore and Raipur.
At the moment these airports are managed by the state-owned AAI. Two of the airports from the list are loss-making: Indore and Raipur.
In February 2019 AAI bid out 6 profit-making airports at Ahmedabad, Jaipur, Lucknow, Trivandrum, Guwahati and Mangalore. Adani Enterprises won the right to develop, manage and operate these airports for a period of 50 years.
Country updates
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November 28, 2019
Government of India to divest 100% stake in Air India
Ministry of civil aviation in India has decided to fully divest the stakes in Air India and its subsidiary. Air India is owned by the government of India and its subsidiary AISATS is a joint vent...
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November 28, 2019
RFP launched for development of commercial complex in Haldwani
Uttarakhand Tourism Development Board in India has launched a request for proposal seeking private building developers for commercial complex project. The project includes design, build, finance,...
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November 20, 2019
CCI approves Adani's bid to acquire stake in Mumbai International Airport
Indian fair trade regulator CCI has approved Adani's bid to acquire a 23.5% stake in the Mumbai International Airport project. Adani will acquire the stake from Bidvest group (13.5%) and ACSA Glo...
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November 14, 2019
Edelweiss' Infrastructure Fund to raise US$ 750 million and invest in Road and Energy sector
Edelweiss Infrastructure Yield Plus Fund managed by Edelweiss Alternative Asset Advisors has started the second phase of fundraising. It has already raised US$ 350 million in May and is expected...
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November 14, 2019
Four shortlisted in largest airport tender in India
The Yamuna Expressway Industrial Development Authority (YEIDA) on behalf of the Uttar Pradesh State Government in India has shortlisted four companies based on technical and financial criteria to part...
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