Developers eye bids to upgrade Udaipur, Amritsar airports

New Delhi/Mumbai: Leading airport developers are readying to participate in bids to win the right to construct and operate commercial property at two small Indian airports—Amritsar in Punjab and Rajasthan’s Udaipur—that are the first among 35 non-metropolitan aerodromes that the Union government is trying to modernize through private companies.
The Tata-Changi Airport consortium, Reliance Anil Dhirubhai Ambani Group or R-Adag, GMR Infrastructure Ltd, GVK Power & Infrastructure Ltd, and Larsen & Toubro Ltd are likely to participate in the bidding for the mandate to modernize the airports.
The government estimates that India needs $400 million (some Rs1,600 crore)-in private investment in the 35 non-metro airports with the state-run Airports Authority of India, or AAI, spending an equal amount. The authority plans to attract private partners at 24 airports first.
The Amritsar and Udaipur aerodromes are among Indian airports benefiting from a surge in passenger traffic, and are expected to expand at 25% annually in the country in the coming years.
10/10/07 Tarun Shukla & P.R. Sanjai/Livemint

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Categories: Airports Oct 2007, New Oct 2007