Singapore Cooperation Enterprise (SCE) and the Airports Authority of India (AAI) have signed an agreement so that Singapore's Changi Airports International will operate and manage airports in Jaipur and Ahmedabad.
In February 2015, the Government of India had announced plans to privatize the operations of four airports at Jaipur, Ahmedabad, Kolkata and Chennai. Later, in August, the Indian Government formally dropped the plan.
Now, SCE, an agency within the Ministry of Trade and Industry and the Ministry of Foreign Affairs of Singapore, and AAI have signed a government-to-government contract under which Singapore's Changi Airports International will be responsible for the operations and management (O&M) at the two airports. The contract, which currently being finished will have a duration between 10 and 15 years.
In October 2013, we reported that the Indian Ministry of Civil Aviation launched RFQ for O&M of the airports at Jaipur and Ahmedabad. At that time, the estimated projects investment required in the RFQs were the following: Jaipur airport - Rs5.5 billion (US$82 million) and Ahmedabad airport - Rs7 billion (US$104 million).
Ahmedabad is the largest city and former capital of Gujarat. With a population of more than 6.3 million and an extended population of 7.2 million, it is the sixth largest city and seventh largest metropolitan areaof India.
Jaipur is the capital and largest city of the Indian state of Rajasthan in Northern India. The city has a population of more than 6.66 million, making it the tenth most populous city in the country.