Nagpur: Last month as chief minister Devendra Fadnavis addressed a function to inaugurate commercial run of the Metro rail, he also announced that bid for privatizing Nagpur airport has been cleared. The Airports Authority of India (AAI) is now in the process of finalizing lease documents with GMR, which had emerged as the highest bidder in the tender process. AAI is a joint venture partner in Mihan India Limited (MIL) — the current airport operator along with state government’s Maharashtra Airport Development Company (MADC).
AAI owns over 500 hectares of land in the airport which it will be leasing out to GMR after it takes over. Sources say MADC is following up the matter with AAI and the process is expected to be over any time. However, at the same time if AAI chooses to get the decision on leasing the land cleared from the central cabinet, the privatization process may have to wait till new government takes over after elections.
Sources said now it is up to the AAI to clear the case at its own level or put up the proposal before the incoming central cabinet.
GMR, which had emerged as the higher bidder as against GVK — the other participant in the tender, had earlier offered to share 5.73% of the revenue with MIL. As against it, the company has now agreed to part with over 14%. This happened in post-bid negotiations following which the deal was cleared. The announcement was made when the Metro rail was being flagged off by Prime Minister Narendra Modi through teleconferencing.
A source involved in the process said the final takeover by GMR may happen by September. This is because once AAI board finalizes the lease documents, the matter would be further put up before the central cabinet, to be formed only after the elections.
24/04/19 Times of India
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AAI owns over 500 hectares of land in the airport which it will be leasing out to GMR after it takes over. Sources say MADC is following up the matter with AAI and the process is expected to be over any time. However, at the same time if AAI chooses to get the decision on leasing the land cleared from the central cabinet, the privatization process may have to wait till new government takes over after elections.
Sources said now it is up to the AAI to clear the case at its own level or put up the proposal before the incoming central cabinet.
GMR, which had emerged as the higher bidder as against GVK — the other participant in the tender, had earlier offered to share 5.73% of the revenue with MIL. As against it, the company has now agreed to part with over 14%. This happened in post-bid negotiations following which the deal was cleared. The announcement was made when the Metro rail was being flagged off by Prime Minister Narendra Modi through teleconferencing.
A source involved in the process said the final takeover by GMR may happen by September. This is because once AAI board finalizes the lease documents, the matter would be further put up before the central cabinet, to be formed only after the elections.
24/04/19 Times of India
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