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Thursday, 28 August 2014

Airport privatization process under review

Ahmedabad:  The much-hyped privatization of six airports in the country is again under review as Airports Authority of India (AAI) is expected to invite fresh bids for the same. The privatization process which was initiated by UPA government last year has gone through various changes and postponement. The previous government had expressed certain reservations in the model concession agreement (MCA).

AAI is set to invite request for quotation (RFQ) again after a fresh MCA is decided upon. "The MCA was prepared in March but it was stalled as previous government wanted some changes in certain clauses. Now with the new government at the helms, we expect the process to be expedited," said a senior AAI official.

According to officials, potential bidders were ready with RFQs but AAI could not go ahead because central government had not approved MCA. "We have had discussions with the civil aviation officials and we are hopeful that the government will soon approve the new agreement and we can accept the new RFQs," added AAI official.
Read news in full25/08/14 Piyush Mishra/Times of India

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