Re-tendering for Nagpur airport soon as GMR’s final bid for privatisation stands cancelled

Sharvari Vaidya | May 20, 2020 20:58

The re-tendering process for Dr Babasaheb Ambedkar International Airport in Nagpur would happen soon – by next year –  as GMR Group’s final bid for privatisation stood cancelled. Earlier, GMR had bagged a contract in March 2019 from the concessioning authority MIHAN India Limited to develop, operate and manage Nagpur airport.

According to Anil Patil, Vice Chairman and Managing Director of Maharashtra Airport Development Company (MADC) and Chairman and Managing Director of MIHAN India Limited (MIL), the bid management was re-considered in a meeting of the Project Management Implementation Committee (PMIC).

After the meeting, it was concluded that there could be a possibility that 20% revenue could be achieved through airport privatisation, due to which GMR’s bid was canceled. Patil further said Nagpur airport is currently under operational profits; besides, it is constantly expanding and developing. Previously, six airports in the country were privatised, in which the share of revenue per passenger was kept fixed. Similar model would be implemented for privatisation of Nagpur airport however there will be no major changes in the master plan of privatisation.

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