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 acquire a majority stake in India’s GVK Airport Holdings.
The GVK Mumbai airport is the second busiest airport in the country in terms of total and international passenger traffic and was the 14th busiest airport in Asia. GVK also received interest from infrastructure investor in Australia AMP Capital, Abu Dhabi Investment Authority and Malaysia Airports, among others.
Country updates
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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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November 06, 2018
India mulls re-tendering Zoji La tunnel
The Government of India mulls re-bidding for the Zojila Tunnel project if the initially awarded company, Infrastructure Leasing & Financial Services, fails to undertake the construction of th...
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October 30, 2018
Seven bidders for US$575 million airport PPP in India
Andhra Pradesh Airports Development Corporation (APDCL) has received seven responses to a Request for Qualifications (RFQ) for the development of a greenfield international airport in the state, locat...
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October 26, 2018
Financial Closure Achieved By VK1 Expressway Private Limited
The SPV ' VK1 Expressway Private Limited' achieved financial closure for section widening project on Vadodara- Mumbai Expressway. The section under widening is 23.40 km long and between Vado...
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