The Ministry of Finance in India has identified six airports to be privatized in the second round of airport privatization. Airports in Amritsar, Varanasi, Bhubaneswar, Indore, Raipur, and Trichy will be auctioned in Phase II. The private partner will be responsible for the operation and maintenance of the airports.
From Phase I, the Airports Authority of India (AAI) has already auctioned three airports out of six. The total investment is estimated for both phases is INR 130 billion (US$ 1.72 billion). The revenue from airports in Phase II will be INR 10 billion (US$ 133 million), while the annual profit is INR 5.4 billion (US$ 72 million). The AAI will get a down payment of INR 23 billion (US$ 306 million) from the Phase II of auction.
Country updates
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May 08, 2020
Preferred bidder selected for Delhi – Meerut Rapid Transit System project
National Capital Region Transport Corporation (NCRTC) has announced L&T Construction’s Heavy Civil Infrastructure as preferred bidder for the Delhi-Meerut Rapid Transit System project. The&n...
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April 14, 2020
Contract awarded for Bhogapuram airport project
The government of Andhra Pradesh has awarded a letter of award to GMR Airports Limited (GAL) for the development and operations of Bhogapuram Airport. The project involves the design, build, fina...
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April 13, 2020
Eastern Dedicated Freight Corridor likely to get World Bank funding
The Eastern Dedicated Freight Corridor project providing railway line between Sonnagar in Bihar to Dankuni in West Bengal is likely to get World Bank funding. The estimated total cost fo the pro...
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April 02, 2020
ADB Invests US$ 100 Million in NIIF's fund of funds
The Asian Development Bank (ADB) and the National Investment and Infrastructure Fund (NIIF) of India announced that they have signed an agreement for ADB to invest up to US$ 100 million into the NIIF...
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March 26, 2020
Blue Planet raises US$25 million from Nomura
Blue Planet Environmental Solutions Pte Ltd (Blue Planet) announced it has raised US$ 25 million from Nomura, Asia’s global investment bank. This strategic engagement by Nomura’s Loans and...
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