Wednesday, January 24, 2007

Non-metro airports to be offered in clusters for modernisation

New Delhi: The government is gearing up to invite bids from private companies to modernise clusters of non-metro airports. Interested parties have to bid for ‘bunches’ of airports rather than indulging in ‘cherry-picking’ to bag the most viable projects. ‘Bunches’ would be created by clubbing some airports in a region as a bouquet, which comprises potentially profitable as well as loss-making airports, government sources said.
The civil aviation ministry has identified clusters of 5 to 6 non-metro airports that will be part of each bunch. In the first phase, the ministry has identified 35 non-metro airports to private parties for city-side development and modernisation of these facilities is expected to involve investment to the tune of Rs 7,000 crore.
24/01/07 Sunny Verma & Ganapathy Subramaniam/Economic Times