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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, located in the south-east of India. The estimated total investment of the project is INR42 billion (US$574.6 million).
To be located in Bhogapuram, 40km from Visakhapatnam, the largest city in the state, the airport is to be delivered by a private partner in three phases, on a design, build, finance, operate and transfer basis. After completion of the first phase, the airport will have capacity to handle six million passengers a year.
The second phase will double this capacity to 12 million passengers a year, and the third phase will increase annual handling capacity to 18 million passengers. The airport will have a separate cargo complex in order to cater to the growing need for air cargo services and facilities to support APCDL's ambition of creating a national maintenance, repair and overhaul (MRO) hub. The concession period is 40 years, with a 20-year extension option.
The seven bidders are:
APDCL published the RFQ in July, initially requesting qualifications be submitted before 24 August. This due date was pushed back multiple times, eventually to 16 October. APDCL reportedly plans to announce the winning bidder by the end of the month.