Eight companies from seven countries, including Nepal, are bidding for the construction of the $3.45 billion Nijgadh International Airport in Bara.
At least two officials at the Investment Board told the Post that they had received proposals from investors from China, India, Qatar, Finland, Switzerland, Malaysia and Nepal to build the airport, 175km from Kathmandu in the plains. The airport is expected to serve as an alternative to congestion and winter fog at Kathmandu’s Tribhuvan International Airport, the country’s sole aerial gateway.
As per the Investment Board, the airport will be built in three phases—the first phase will cost $1.21 billion, the second phase $1.12 billion, and the third phase $1.12 billion.
GMR Group, an infrastructure company headquartered in New Delhi, India, and two airport construction firms from China have submitted proposals, sources said. One Nepali company has also submitted a proposal to develop the airport under the public-private partnership model.
The board has received a proposal also from Qatar. The Qatari government had approached Nepal in January to build the project in a bid to strengthen its presence in Southeast Asia.
The government had also mooted an option to award the project through a government-to-government deal before the 2019 Nepal Investment Summit in March.
“We have asked for proposals under the public-private partnership modality but the government has the option to build the project under any modality,” said Maha Prasad Adhikari, chief executive officer of the Investment Board.
The Malaysian and Indian governments have been eyeing the project for long. The Malaysian government, on January 6, 2016, had proposed fully-financed construction of the airport under a ‘design, finance, build, operate and transfer’ (DFBOT) model through a government-to-government deal.
In July 2015, a four-member delegation from the Airport Authority of India visited Kathmandu before heading to Nijgadh for a site inspection. The delegation had informed Nepali officials that they were ready to invest in the project, either through the private sector, government funding or both—as per the wishes of the Nepal government.
As an international airport close to the border with India would be more accessible to the large populations of the Indian states of Uttar Pradesh and Bihar, India has an interest, according to the government officials that the Indian delegation spoke to.
Adhikari told the Post that they were in the final stages of evaluating the proposals.
19/08/19 Eleven Myanmar
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At least two officials at the Investment Board told the Post that they had received proposals from investors from China, India, Qatar, Finland, Switzerland, Malaysia and Nepal to build the airport, 175km from Kathmandu in the plains. The airport is expected to serve as an alternative to congestion and winter fog at Kathmandu’s Tribhuvan International Airport, the country’s sole aerial gateway.
As per the Investment Board, the airport will be built in three phases—the first phase will cost $1.21 billion, the second phase $1.12 billion, and the third phase $1.12 billion.
GMR Group, an infrastructure company headquartered in New Delhi, India, and two airport construction firms from China have submitted proposals, sources said. One Nepali company has also submitted a proposal to develop the airport under the public-private partnership model.
The board has received a proposal also from Qatar. The Qatari government had approached Nepal in January to build the project in a bid to strengthen its presence in Southeast Asia.
The government had also mooted an option to award the project through a government-to-government deal before the 2019 Nepal Investment Summit in March.
“We have asked for proposals under the public-private partnership modality but the government has the option to build the project under any modality,” said Maha Prasad Adhikari, chief executive officer of the Investment Board.
The Malaysian and Indian governments have been eyeing the project for long. The Malaysian government, on January 6, 2016, had proposed fully-financed construction of the airport under a ‘design, finance, build, operate and transfer’ (DFBOT) model through a government-to-government deal.
In July 2015, a four-member delegation from the Airport Authority of India visited Kathmandu before heading to Nijgadh for a site inspection. The delegation had informed Nepali officials that they were ready to invest in the project, either through the private sector, government funding or both—as per the wishes of the Nepal government.
As an international airport close to the border with India would be more accessible to the large populations of the Indian states of Uttar Pradesh and Bihar, India has an interest, according to the government officials that the Indian delegation spoke to.
Adhikari told the Post that they were in the final stages of evaluating the proposals.
19/08/19 Eleven Myanmar
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