Monday, August 21, 2017

Airports Authority pips GMR for Bhogapuram project

Hyderabad: The Airports Authority of India has pipped GMR in bagging the mandate for developing the greenfield Bhogapuram airport in Andhra Pradesh.

“In the financial bids opened on Monday, AAI offered a revenue share of 30.2 per cent as against GMR’s 21.6 per cent, thereby managing to outbid GMR for development of the airport,” Ajay Jain, Principal Secretary Industries, Energy and Infrastructure, Andhra Pradesh Government told BusinessLine.

“The empowered group of secretaries will present the details of the financial bids and respective offers made by AAI and GMR. It is for the State Government and Cabinet to finalise the offer,” he said.

Only AAI and GMR were left in the fray where GVK Power & Infra and Essel Group were the other participants in the initial stages and in the pre-bid meetings. While AAI and GMR submitted their technical and financial bids, the GVK Group backed out.

The ₹2,260.73-crore Bhogapuram airport project will come up about 40 km from Visakhapatnam in the Vizianagaram district under the public-private partnership initiative.

The international airport project has secured environmental clearance and the land for the airport has been allotted by Andhra Pradesh Industrial Infrastructure Corporation.
21/08/17 V Rishi Kumar/Business Line