Anil Ambani Group Bags Contract to Develop Five Airports

Mumbai: The Anil Ambani Group's Reliance Airport Developers Ltd (RADL) has bagged contracts worth a total Rs.63 crore (Rs.630 million) to develop airports at Yavatmal, Nanded, Osmanabad, Latur and Baramati in Maharashtra, according to an official announcement here Friday.
The Maharashtra Industrial Development Corporation (MIDC) has been given the green signal to sign the agreements with RADL as part of the government's move to privatise five airports in the state.
The RADL had submitted the highest bid - Rs.270 million (Rs.27 crore) to develop and manage Yavatmal, Nanded and Latur airports. It had also bid Rs.320 million (Rs.36 crore) - the highest, for Baramati and Osmanabad airports, according to an official spokesperson this evening.
The MIDC will also hand over a little more than 600 hectares land to RADL for a 95-year period for the development and maintenance of these five airports.
Earlier this year, the state government had opened the upgraded Latur and Nanded - the latter being a Sikh holy place - airports for launching regular commercial flights connecting Mumbai and other cities.
21/08/09 IANS/Daijiworld.com

To Read the News in full at Source, Click the Headline

Categories: Airports Aug 2009, New Aug 2009