India launches 4 PPP tenders for management of airports
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Following the launch of the Request For Qualification (RFQ) for the Operation, Management and Development of Chennai and Lucknow airports on Public Private Partnership (PPP) basis, the Indian Ministry of Civil Aviation has launched the other four airport tenders that were under planning: Jaipur, Ahmedabad, Guwahati and Kolkata airports.
The deadlines for submissions of applications are the following:- Jaipur airport: 1 November 2013
- Ahmedabad airport: 25 October 2013
- Guwahati airport: 11 November 2013
- Kolkata airport: 15 November 2013
- Jaipur airport: Rs. 550 crores (US$86.5 million)
- Ahmedabad airport: Rs. 700 crores (US$110 million)
- Guwahati airport: Rs. 600 crores (US$94 million)
- Kolkata airport: Rs. 700 crores (US$110 million)
The PPP model used in these tenders is different from that followed in Delhi, Mumbai, Hyderabad or Bangalore, Nagpur or Kochi. In Jaipur, Ahmedabad, Kolkata and Guwahati airports, private parties or the Airports Authority of India (AAI) have already invested money to modernize or build the new airport.
In order to secure representation of the Airports Authority of India on the Board of the SPV, the Concession Agreement will include a provision for issue of a golden share in accordance with a Shareholders' Agreement that would form part of the Concession Agreement.
Bids are invited for the project on the basis of the premium in the form of revenue share to the authority for award of the concession.
Candidates can be awarded just two airports out of the six airports to be awarded by the authority and no more than one airport from Kolkata, Chennai and Ahmedabad airports.
See the Request for Qualifications below:
Source: Indian Civil Aviation
