GMR Airports, highest bidder for development of Nagpur airport
- Country:
- India
GMR Airports on Monday said that it has emerged the highest bidder for the "development, operations and management" of Nagpur airport on a Public Private Partnership (PPP) basis.
According to the GMR Infrastructure's subsidiary, the project involves upgrade, modernisation, operation and maintenance of Nagpur Airport for a period of 30 years and includes construction of a new terminal among other works.
"Two bidders viz. GMR Airports and GVK submitted their bids. GMR Airports Limited has submitted the highest revenue share bid and expecting Letter of Award shortly," the company said in a statement.
The MIHAN India, a joint venture between Maharashtra Airport Development Company and Airport Authority of India, had started the RFP (request for proposal) process to privatise the Dr Babasaheb Ambedkar International Airport in March 2018.
(With inputs from agencies.)
ALSO READ
US, India regularly consult at highest levels on democracy, human rights issues: State Department official
FOREX-Euro at highest to yen since 2008, markets nervy over Toyko stepping in
FOREX-Euro at highest since 2008 on yen, markets nervous about Toyko stepping in
Yashasvi Jaiswal goes past Rahul Dravid to become RR's 5th highest all-time run-scorer
TikTok has submitted risk assessment report on TikTok Lite to EU
Google News