Maytas Infra to construct Gulbarga airport

Mumbai: A consortium led by Maytas Infrastructrure will construct the Gulbarga airport in Karnataka. The partners in the consortium will be NCC Infrastructure Holdings, VIE India Project development Holdings and Maytas Infrastructure. The consortium would develop and operate the airport on a BOT basis which would be a greenfield project under PPP.
A separate special purpose company has been set up for this reason where the consortium partners - Maytas Infra, NCC and VIE will have a shareholding pattern of 37 per cent, 37 per cent and 26 per cent respectively. The construction period of the project is 24 months from the date of signing the agreement with a concession period of 30 years extendable by an additional 30 years term.
16/06/08 Business Standard

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Categories: Airports Jun 2008, Merchant Airports Jun 2008, New Jun 2008