There is still hope for the long-awaited greenfield Kushinagar international airport project in eastern Uttar Pradesh. The project, which was first mooted by the Mayawati government in 2008, before being abandoned by developers for being ‘unviable’, is once again on the threshold of resurrection. The SP government has taken it up as a priority project and efforts are on to invite letters of intent (LoIs) for the project to give it a fresh headstart. The UP has also decided to send the project to the Centre for viability gap funding after restructuring and scaling it down significantly. The airport project, which is to be built under the public-private partnership (PPP) mode on a design-build-finance-operate-transfer (DBFOT) basis, was earlier estimated to cost R 650 crore.
Speaking to FE, an official of the industry department said that the project has been approved by the state government and now efforts are on to issue an order asking for EoIs. “We have already had discussions with the Planning Commission and the finance ministry, and our bid document will be vetted by them. The interaction with them has been very beneficial as we have received good inputs from them,” said an official requesting anonymity.
19/04/12 Deepa Jainani/Financial Express
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