Tuesday, January 22, 2019

Brookfield, Macquarie among 7 global investors eyeing Indian airports: Report

Indian airports are the latest attraction among international private equity (PE) investors and airport developers, with as many as seven companies showing interest in the Centre’s airport-privatisation drive, reported Business Standard.

According to the report, German airport operator, AviAlliance; Australian AMP Capital; Canadian Brookfield Asset Management and PSP Pension fund; Sydney based Macquarie Group; French airport operator, Aeroports de Paris; and Italy’s Atlantia group have bought the bid documents for six airports.

Centre has decided to privatise and have a public-private partnership (PPP) arrangement at airports in Jaipur, Lucknow, Ahmedabad, Guwahati, Thiruvananthapuram and Mangaluru. These are being privatised after Delhi and Mumbai airports were last privatised in 2006.

According to the request for proposal (RFP) floated by the government last month, the concessionaire will be responsible for “operations and management of the existing airport assets, as well as for designing, engineering, financing, construction and development of the further/additional air-side, terminal, city-side and land-side infrastructure for the airport”. The bidding criteria has been decided as the per-passenger revenue fee.
21/01/19 Moneycontrol.com