GMR among ten bidders for management control of Indian airports

19 February 2019 (Last Updated February 19th, 2019 11:52)

GMR Airports and Adani Enterprise are among the ten potential bidders that have submitted their bids to gain management control of six airports currently owned by the Airports Authority of India (AAI).

GMR among ten bidders for management control of Indian airports
AAI receives 32 bids for the privatisation of six airports in India. Credit: Yeray Sánchez on Unsplash.

GMR Airports and Adani Enterprise are among the ten potential bidders that have submitted their bids to gain management control of six airports currently owned by the Airports Authority of India (AAI).

Others bidders include Italy’s Autostrade, AMP Group, I Investments in Mauritius, as well as Cochin International Airport (CIAL), Kerala State Industrial Development Corporation (KSIDC), National Investment and Infrastructure Fund (NIIF), PNC Infrastructure and Sanna Enterprises.

The AAI issued a request for proposal (RFP) for airports located in Jaipur, Ahmedabad, Lucknow, Mangalore, Guwahati and Trivandrum in December last year as part of the Indian Government’s airport privatisation drive.

“There are thousands of documents that we have to go through that pertain to qualifying categories in terms of financial performance and past experience.”

Jaipur and Ahmedabad airports have received seven bids each while Lucknow and Guwahati have received six each. Mangalore and Thiruvananthapuram have attracted three bids each.

AAI chairman Guruprasad Mohapatra told livemint.com: “We’ve received 32 bids in all. The technical scrutiny is going on. There are thousands of documents that we have to go through that pertain to qualifying categories in terms of financial performance and past experience in infrastructure projects.”

Mumbai International Airport concessionaire and Navi Mumbai airport developer GVK did not participate in the latest airport privatisation drive.

Mohapatra added: “The number of bids for each airport in this case were much higher than what the AAI had received in 2016 for greenfield airports at Navi Mumbai and Mopa (Goa), where there had been only two bids each.”

The winner will be decided on the basis of the highest monthly per-passenger fee that the concessionaire will offer to the AAI. The decision is expected to be announced on 28 February.