UPA Sold PSUs & now Airports?! 100% stake to private parties in six select airports, including Kolkata and Chennai, official sources said today. Civil Aviation Ministry issue a Request For Qualification (RFQ) document in a few days for Chennai and Lucknow airports. The RFQ for the other four — Jodhpur, Guwahati, Ahmedabad and Kolkata — would be issued in the next few weeks, they said. The Ministry had earlier proposed to privatise the airports at Chennai, Kolkata, Ahmedabad, Jaipur, Lucknow and Guwahati which were modernised by the Airports Authority of India (AAI). Airports would be given on the concession basis to the private parties for a period of 30 years and AAI may not have equity participation as “we are open to giving 100 per cent stake to private parties”, they said. AAI, during 30-year period, will continue to get revenue share which will be decided on basis of discussions held with prospective bidders, Asked why AAI, which has spent thousands of crore for modernisation and development, won’t have equity participation, even in existing private airports, AAI has no say in the operation and management. So, why should AAI put in equity, they asked. AAI has 26 per cent share in private airports of Delhi and Mumbai and 13 per cent in Hyderabad and Bangalore. Once finalised by the government, RFQ would be issued by the Key Infrastructure Development (KID) Cell of AAI. After RFQ, which is a response-seeking process to help identify the participants for the bidding, Request For Interest (RFI) would be issued. RFQ would incl
Posted on: Thu, 29 Aug 2013 12:05:47 +0000
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