Proposal for 4 airports in Andhra Pradesh cleared

Hyderabad: Greenfield airports will be developed at Orvakal (Kurnool district ), Jakaranpalli (Nizamabad), Ramagundam (Karimnagar) and Tadepalligudem (West Godavari) through private-public partnership route to ensure regional balance, improve domestic connectivity and provide linkage to Hyderabad.
A decision to this effect was taken by the Cabinet at its meeting here on Tuesday on the basis of a study made by the Airports Authority of India according to which these airports would be feasible and viable.
Sources said later said the Infrastructure & Investment Corporation of Andhra Pradesh (INCAP) would shortly notify the projects, seeking expression of interest from private parties. The parties selected would be offered incentives like land on lease, infrastructural facilities like roads, water and power. Besides, displaced families, if any, would rehabilitated at Government cost. They would be exempted from paying VAT, seignorage and land conversion charges. Those bidders offering highest revenue to the Government would be selected. Construction of an airport would be completed in 36 months after the project was awarded to the party. The PPP conditions would be valid for 30 years extendable by another 30 months. Approvals would be secured Civil Aviation Ministry after signing the agreements.
25/08/09 The Hindu

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Categories: Airports Aug 2009, New Aug 2009