Amaravati: The Andhra Pradesh Government has cancelled the entire tender process in which the Airports Authority of India (AAI) had emerged as the winner for the proposed Bhogapuram Aerotropolis project in Vizianagaram district last year.
The State Cabinet, which met under the chairmanship of Chief Minister N Chandrababu Naidu late last night, took the decision to develop the new greenfield airport under the public-private partnership mode.
“Across 2,703 acres, the scope of Bhogapuram airport will be expanded from a mere airport to an integrated airport with Aerocity, maintenance, repair and overhaul (MRO), Aviation Academy, etc,” an official release said today.
Besides AAI, GMR Group was the only other contender for the airport project.
GMR had offered a revenue share of 21.6 per cent.
Asked why the tenders were cancelled after the AAI emerged as the winner in August 2017, offering 30.2 per cent revenue share to the State Government, Principal Secretary (Energy, Infrastructure and Investment) Ajay Jain told PTI they wanted to go for development of an “integrated airport”.
21/01/18 PTI/Busimess Line
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The State Cabinet, which met under the chairmanship of Chief Minister N Chandrababu Naidu late last night, took the decision to develop the new greenfield airport under the public-private partnership mode.
“Across 2,703 acres, the scope of Bhogapuram airport will be expanded from a mere airport to an integrated airport with Aerocity, maintenance, repair and overhaul (MRO), Aviation Academy, etc,” an official release said today.
Besides AAI, GMR Group was the only other contender for the airport project.
GMR had offered a revenue share of 21.6 per cent.
Asked why the tenders were cancelled after the AAI emerged as the winner in August 2017, offering 30.2 per cent revenue share to the State Government, Principal Secretary (Energy, Infrastructure and Investment) Ajay Jain told PTI they wanted to go for development of an “integrated airport”.
21/01/18 PTI/Busimess Line
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