PPP model for 7 airports in Maharashtra

PPP model for 7 airports in Maharashtra
PTI
Comment E-mail Print Share
First Published: Wed, Jul 25 2007. 12 14 AM IST
Updated: Wed, Jul 25 2007. 12 14 AM IST
Mumbai: The Maharashtra government will adopt public-private partnership (PPP) model for building airports in seven cities of the state, vice-chairman and managing director of Maharashtra Airport Development Co. (MADC) R.C. Sinha said. Of the seven proposed airports, the one at Shirdi will be greenfield.
In case of other six cities, airstrips exist already but there is no airport infrastructure, Sinha said. Besides Shirdi, development of new airports have been planned for cities like Solapur, Phalton, Dhulia, Karad, Jalgaon and Chandrapur.
Under the public-private partnership, MADC on behalf of the state government will give land on which the private party would build the airport.
The proposal is that the party which builds the airport will also run the same. A joint venture company will be formed for the development of the airports. The value of the land would be converted into equity and MADC will hold that equity. According to Sinha, many airlines have shown interest in starting flights to these regional destinations.
MADC has appointed Larsen & Toubro Ramboll as consultant which will visit each city and suggest the technicalities required to make the airports operational there.
Comment E-mail Print Share
First Published: Wed, Jul 25 2007. 12 14 AM IST