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Sunday, 26 July 2015

PMO to Take Call on Chennai Airport's PPP Plan

CHENNAI: For an airport that’s perennially in the news for the wrong reasons, the previous financial year’s balance sheet will offer some cheers: Chennai Airport posted a healthy revenue of Rs 1022.80 crore, a substantial 50% jump over the Rs 690 crore posted in 2012-13. While this coincides with the period following the opening of the newly constructed terminals, all the attention is now on whether the airport will go under the Public Private Partnership (PPP) hammer on August 1.


Express has learnt from a top source at Airports Authority of India (AAI) that the proposal has been called for by the Prime Minister’s Office - for a final decision to be taken before the end of the week. “It has already been postponed thrice this year and the PMO has asked for the file to be sent so that a final decision can be taken. From AAI’s side, the necessary proposal and the bid outline have been prepared and duly submitted for review. It is now in their hands,” said the source. An official involved with the airport’s administration in Chennai confirmed the same.
Read news in full 22/07/15 Daniel Thimmayya/The New Indian Express
Chennai International Airport | (File Photo/EPS)

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