GMR,GVK, Reliance and four other bidders shortlisted for Bhogapuram airport

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Seven bidders, together with GMR Group, GVK Power and Infrastructure Ltd and Essel Infraprojects Ltd have been shortlisted for Bhogapuram Airport in Andhra Pradesh, sources informed Moneycontrol.

The shortlisted bidders are Reliance Infrastructure (Reliance Airport Developers Pvt Ltd), GMR Group, GVK Power & Infra Ltd, Essel Infraprojects Ltd, Doit Urban Infranetwork Ltd, National Investment and Infrastructure Fund (NIIF) and Fairfax India Holdings.

“They have been given three months’ time to submit final request for proposals (RFP) for the greenfield airport,” stated individuals conscious of the event.

The bidders have been chosen after receiving approval for their request for qualification (RFQ).

Sources stated that Airports Authority of India (AAI) has been barred from collaborating within the bidding course of. In June this 12 months, the Andhra Pradesh Airports Development Corporation Ltd (APADCL) had issued contemporary tender barring all authorities businesses to take part within the bidding course of.

Emails despatched by Moneycontrol to all of the shortlisted bidders didn’t elicit any response.

Bhogapuram International Airport might be constructed at Bhogapuram, close to Vishakhapatnam in AP. It might be constructed at an approximate value of Rs 42.1 billion. The authorities had given ‘in-principle’ approval to Bhogapuram International Airport Corporation Limited (BIACL) for the institution of the airport in Oct-2016. It is predicted to deal with greater than 18 crore passengers at a time.

The authorities has set two years’ time to finish the mission. Starting subsequent 12 months, the mission must be full by December 2020.

The mission appear to be in line the with Centre’s proposal to privatise choose airports. Media studies have steered that NITI Aayog, chief govt officer (CEO), Amitabh Kant led committee has proposed to privatise six airports, one every in Ahmedabad, Lucknow, Guwahati, Jaipur, Thiruvananthapuram and Mangaluru by leasing the airports for 50 years.

“Unlike Delhi and Mumbai, where Airports Authority of India was a joint venture partner for GMR and GVK, his time the panel has decided to allow 100% private participation for operation, development and management. A foreign investor can also be the sole developer,” studies steered.

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