Infra biggies vie ₹16,000-cr airport project

Airport Project
Infra building majors like GMR Infra, Adani Group, Reliance Infra and L&T are among the top prospective investors in the fray for the ₹16,000-crore greenfield Jewar airport project in Greater Noida, said official sources. A large number of domestic and offshore companies like Zurich Airport International and Hong Kong ADP have also joined the bidding, besides Mumbai airport operator GVK Group, Bengaluru airport owner Fairfax India, sovereign wealth fund NIIF and PNC Infrastructure. The Airport Authority of India, which leased out six of its profit-making airports under the PPP model, also participated in the pre-bid conference. The bidding for Jewar project is expected to witness keen competition between existing players and new entrants as it will be the second airport in the NCR being built under the PPP model by the UP government.
📅 Published on: 17 July 2019
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