Friday, Mar 29 2024 | Time 18:47 Hrs(IST)
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Business Economy


GMR wins bid for privatisation of Nagpur airport

New Delhi, Oct 1 (UNI) The GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, on Monday won the bid for the privatisation of the Nagpur airport.
The GMR Airports Limited emerged as highest bidder for the development, operations and management of Dr Babasaheb Ambedkar International Airport in Nagpur on a public private partnership basis.

In March, 2018, the Maharashtra Airport Development Company and the Airports Authority of India has jointly decided to start a request for proposal (RFP) process to privatise the Nagpur Airport.
The project involves upgradation, modernization, operation and maintenance of the Nagpur airport for 30 years and includes construction of a new terminal amongst other works.
Two bidders -- GMR Airports and GVK submitted their bids. GMR Airports Limited has submitted highest revenue share bid and was expecting Letter of Award shortly.

In the current financial year, the Nagpur Airport had handled 2.18 million passengers and 7800 MT cargo. Over the past 5 years the passenger traffic at the airport has grown at 11 per cent CAGR while the Airport ranks 17th in India in terms of cargo traffic.
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