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January 20, 2021

Adani Group-AAI sign deal for three airport developments in India

Adani Group and Airports Authority of India (AAI) have signed a concession agreement for the development, management and operation of three Indian airports in Jaipur, Guwahati and Thiruvananthapuram.

Adani Group and Airports Authority of India (AAI) have signed a concession agreement for the development, management and operation of three Indian airports in Jaipur, Guwahati and Thiruvananthapuram.

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During December 2018, AAI opened an international competitive bidding process for PPP transactions for six airports in Ahmedabad, Lucknow, Mangaluru, Guwahati, Jaipur and Thiruvananthapuram.

In February 2019, Adani Enterprises emerged as the highest bidders for all these airports for 50 years.

Under the concession agreement, Adani Group will take over the airports within six months.

Adani Group started operating three airports at Lucknow, Mangaluru and Ahmedabad last year.

In a press release, AAI said: “The concessionaire of Guwahati airport shall pay AAI a per passenger fee of $2.19 for domestic passenger and $4.38 for international passenger.

“Similarly, the concessionaires for Jaipur and Thiruvananthapuram airports will pay AAI per passenger fee of $2.38 and $2.30 respectively for domestic passenger and $4.76 and $4.60 respectively for international passenger. Per passenger domestic fee will be revised annually taking into account the variation in the CPI (IW).”

AAI chairman Arvind Singh said: “It is a significant occasion today when we complete this round of signing of concession agreements for three airports, under the PPP mode. Looking forward to healthy participation from the private sector in the growth story of Indian civil aviation.”

After leasing out six airports, the concession fee received by AAI will be used for the development and maintenance of other brownfield airports.

It will also be used for the development of RCS and Greenfield airports in the country.

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img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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