The 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 Authority of India (AAI) will hold minor stake in all of the airports, with the selected private partners to hold up to 75% stakes in their respective airport.
This follows the success of the concessioning of Delhi and Mumbai airports, which were handed to GMR and GVK, respectively, in 2006. Both concessions follow a revenue-sharing model, in which a specified share of gross revenue is given to the AAI. All the six airports will follow the same revenue-sharing model.
Previous attempts to privatise airports in India under other models have failed. Operation and maintenance contracts for Ahmedabad and Jaipur airports have been offered to private investors multiple times - most recently a tender for the projects was cancelled after AAI received only one qualified bid.
Country updates
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December 04, 2018
PSP and Ferrovial emerge as final applicants for stake in GVK Mumbai Airport
The 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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December 04, 2018
Government of Karnataka to tender elevated motorway PPP next year
The Chief Minister of Karnataka, a state in south-west India, has announced plans to develop an elevated motorway corridor in Bengaluru, the state capital, through a public-private partnership (P...
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December 04, 2018
Maharashtra Government extends Ahmednagar-Aurangabad road concesion
The 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...
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November 26, 2018
Uttar Pradesh approves land acquisition for airport PPP project
The Government of Uttar Pradesh (UP), India, has approved around US$178.5 million to acquire 1,327ha of land for the proposed Jewar International Airport in Gautam Buddh Nagar. The airport will be de...
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November 22, 2018
GMR subsidiary signs concession agreement for US$300 million port project in India
Kakinada Gateway Port Limited (KGPL), a subsidiary of Kakinada SEZ Limited (KSEZ), has signed a concession agreement with the government of Andhra Pradesh for the development of a greenfield commercia...
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