Wednesday, September 30, 2020

Adani gears up to take over Sardar Vallabhbhai Patel International Airport in November

Ahmedabad:  Diversified business conglomerate Adani Enterprises Limited (AEL) is geared up to take over operations, maintenance and development of Sardar Vallabhbhai Patel International (SVPI) airport in Ahmedabad in November, according to top sources privy to the development. AEL had emerged as the highest bidder for the proposed privatisation of SVPI airport on public-private partnership (PPP) model with the Airports Authority of India (AAI), when the tender for this was floated in 2019.

AAI has begun the handholding process for the airport operator to-be from September 11, if well-placed sources are to be believed. “The company has already begun its 60-day observation period with the AAI. As part of the process AAI will handhold the new operator for the various processes and activities involved and help the takeover process,” said a source.

It is also learnt that the process of handing over has already begun and AEL will take over the airport any time before November 15. The company has already signed a concession agreement with AAI. As part of this, AEL will get the rights to operate, manage and develop the airport, currently being run by Airports Authority of India (AAI), for a period of 50 years. The Air Traffic Controller (ATC) will continue to operate under the AAI and security will be managed by the Central Industrial Security Force (CISF).

30/09/20 Times of India

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