Thursday, February 15, 2007

Private firms now eye non-metro airports revamp

Mumbai: With the civil aviation ministry expected to invite bids for modernisation of 35 non-metro airports in the country soon, a host of private companies, including Larsen & Toubro (L&T) Pratibha Industries, GMR Infrastructure and GVK Industries, have expressed their keenness to enter the fray.
L&T had recently won the non-aeronautical, Rs 5,400 crore contract for Delhi airport modernisation against international competitive bidding.
Civil aviation ministry officials have said that though the date for inviting bids for non-metro airport modernisation has not been announced, they would invite the bids by way of newspaper advertisements soon.
The ministry may also ask private firms not to cherry pick airports, but may have to bid for ‘bunches’, according to certain reports.
Non-metro airports would require an investment of over Rs 1,000 crore, which these companies would arrange through external sources.
15/02/07 Shaheen Mansuri/Financial Express
To Read the News in full at Source, Click the Headline


Post a Comment