Adani Group Wins Bids To Upgrade And Operate Five AAI Airports Including Ahmedabad, Lucknow Under PPP Model

The Adani group has won bids to upgrade and operate five airports that Airports Authority of India had listed for PPP management, reports Economic Times.

The operation period of these airports are 50 years.

A total of 32 technical bids were received from 10 companies to operate six airports that are currently under AAI dispensation.

In November last year, the government had cleared the proposal for managing six AAI-run airports on public-private-partnership (PPP) basis.

AAI had sought bids for the operation and management of existing airport assets as well as their upgradation and development of additional air-side terminals, city-side and land-side infrastructure for Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore and Thiruvananthapuram airports under a single stage bidding process.

The request for proposal (RFP) was officially floated on 14 December 2018, and the last date for the submission date was 16 February 2019.

The NDA government is banking on the successful conclusion of the bidding process by 28 February 2019 to help it reach the budgeted disinvestment target of Rs 80,000 crore for FY19.

Adani Group and GMR Infrastructure Ltd had bid for the airports listed privatisation while another major Indian airport operator GVK and Singapore’s Changi Airports International (CAI) did not participate. Bidding for Guwahati airport is yet to begin.

Also Read: Airport Privatisation Plan Takes Off: Winners To Be Announced On Feb 28 As AAI Gets 32 Bids From 10 Companies For 6 Airports