The GVK-led Mumbai International Airport (P) Ltd (MIAL) was handed over the Letter of Award (LoA) from CIDCO, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport.
Category: Aviation & Airports
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GVK receives LOA for the Navi Mumbai Airport Project
The GVK led Mumbai International Airport (P) Ltd., (MIAL) was handed over the Letter of Award (LOA) today from CIDCO, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport.
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Looking Beyond Airports
Aviation infrastructure is top priority for India, which is currently aiming to become the third largest aviation market in the world by 2020 and the largest by 2030. Hence there is a need to develop airports that are modern and efficient to facilitate easier movement of travellers.
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GVK completes stake sale in Bangalore Airport
GVK Power and Infrastructure Ltd has announced the successful completion of the sale of its residual stake of 10 per cent in Bangalore International Airport Ltd (BIAL), held through its subsidiary, Bangalore Airport Infrastructure Developers Pvt Ltd (BAIDPL) to Fairfax India Holdings Corporation for a consideration of Rs 1,290 crore.
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Aviation Ministry mulls role for private players in building airports
The Aviation Ministry is considering auctions for its future airport contracts to private operators after setting fixed tariffs. This move may enhance the number of potentially serious bidders and shield passengers against arbitrary increases in user fees.
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Bengaluru Airport gets green certification for curbing emissions
Bangalore International Airport Limited (BIAL) has been accredited by the Airports Council International, with ‘Level-3 plus Neutrality’ certification under the Airport Carbon Accreditation.
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Dilip Buildcon wins Rs 125-crore Goa Airport taxi track project
“The Airports Authority of India (AAI) has declared Dilip Buildcon Ltd, Bhopal, as lowest-1 (L-1) bidder for construction of (a) parallel taxi track and associated civil and electrical works at Dabolim Airport, Goa,” Dilip Buildcon said in a BSE filing.
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Key private airports need Rs 27,000 crore for capacity expansion, says CRISIL
The four major private airports would require an investment of Rs 27,000 crore for expanding their existing capacities — which has reached saturation point, by 2021, according to a recent report. New Delhi, Mumbai, Hyderabad and Bengaluru cater to nearly 55 per cent of the country’s total air traffic.
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Top four private airports fly high on robust traffic
CRISIL Ratings estimates that airports in New Delhi, Mumbai, Hyderabad and Bengaluru, which cater to nearly 55 per cent of IndiaÂ’s air traffic, and which are operating near-full capacity, will need to spend heavily on expansion through 2021.
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India rises two spots, is 4th largest aviation market now
India's record breaking aviation growth continues unabated. The International Air Transport Association (IATA) has said that the country saw the fourth highest number of passengers taking off in 2016, up two places from the previous year, overtaking the UK and Brazil.