Nagpur: A decision on privatization of Nagpur airport is expected within this month. The airport is these days being run by Mihan India Limited (MIL), a joint venture company of state government’s Maharashtra Airport Development Company (MADC), and Airports Authority of India.
In October this yr, GMR had emerged because the absolute best bidder for taking up the airport operations as in opposition to the other contender GVK. The bids should be authorized by the state government as well as the MIL board.
The bid has been referred to involved businesses to evaluate the deal. A decision is expected in a month’s time, mentioned a supply in MADC.
The personal corporations needed to bid on the ratio of income to be shared with MIL. The stakeholders shall be doing their calculations to establish if it will be viable to accept the GMR deal on the charge it has offered, mentioned a supply.
It has been learnt that GMR has offered to share less than 7% of its revenues earned from the Nagpur airport with MIL.
Under the deal, GMR shall be pumping in over Rs1600 crore to create new amenities in the airport, to expand it as a global cargo and passenger hub.
Meanwhile, Air Asia which had began its flights to Kolkata and Bangalore from Nagpur in March 2018 shall be terminating its services and products this month. However, this is being compensated with Indigo starting flights in the same sector mentioned a supply. The exit by Air Asia is not going to have any affect in the airport revenues.
In October this yr, GMR had emerged because the absolute best bidder for taking up the airport operations as in opposition to the other contender GVK. The bids should be authorized by the state government as well as the MIL board.
The bid has been referred to involved businesses to evaluate the deal. A decision is expected in a month’s time, mentioned a supply in MADC.
The personal corporations needed to bid on the ratio of income to be shared with MIL. The stakeholders shall be doing their calculations to establish if it will be viable to accept the GMR deal on the charge it has offered, mentioned a supply.
It has been learnt that GMR has offered to share less than 7% of its revenues earned from the Nagpur airport with MIL.
Under the deal, GMR shall be pumping in over Rs1600 crore to create new amenities in the airport, to expand it as a global cargo and passenger hub.
Meanwhile, Air Asia which had began its flights to Kolkata and Bangalore from Nagpur in March 2018 shall be terminating its services and products this month. However, this is being compensated with Indigo starting flights in the same sector mentioned a supply. The exit by Air Asia is not going to have any affect in the airport revenues.
Decision on privatization of airport soon
![Decision on privatization of airport soon]()
Reviewed by Kailash
on
January 03, 2019
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