Six airports to get Rs 4k-cr private investment

New Delhi: Airports at Chennai, Lucknow, Kolkata, Ahmedabad, Guwahati and Jaipur, identified for privatisation in the current financial year, are likely to see fresh  investments of Rs 4,250 crore from selected private concessionaires.
According to the qualification documents issued recently by the ministry of civil aviation, private players awarded the contracts for operations, management and development in this second phase of airport privatisation programme would have to make estimated investments in the range of Rs 500-1,200 crore for development and upgrade works at each of these airports. The ministry has shared initial cost estimates and the scope of development works required to be carried out by the concessionaire at each facility. Actual costs, however, can be shared by qualified bidders at the RFP (request for proposal) stage. The private concessionaire will have to invest Rs 1,200 crore and Rs 500 crore for upgrading the Chennai and the Lucknow airports, respectively.
Read News In full 27/09/13 Sharmistha Mukherjee/Business Standard