Successful bidders for developing Chennai, Kolkata and two other domestic airports, through public private partnerships, should spend at least Rs 1,839 crore towards mandatory capital works at these locations
Category: Aviation & Airports
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Delay in airports´ modernization
The modernization of Chennai, Kolkata and two other airports is set to get delayed with the last date for private parties interested in participating in the bidding process being extended by more than two months.
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Durgapur airport to be operational by next month
Country´s first private greenfield airport at Durgapur, promoted by Bengal Aerotropolis Projects Ltd (BAPL), is likely to be operational by April 14. ´
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Gannavaram Airport to get new terminal
The much-awaited expansion of Gannavaram airport, which is proposed to be developed with international standards, will become a reality soon with Civil Aviation Minister P Ashok Gajapathi Raju directing the officials to complete works pertaining to development of a new terminal and lounges by April 30.
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GMR Infra to raise Rs.4,000 cr
GMR Infrastructure plans to raise Rs 4,000 crore by FY16 through divestment of assets and share sale to reduce debt and ease cash flow. The loss-making infrastructure company plans to divest projects, monetise land assets and sell stake at holding company level to raise funds.
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Panel for Air India´s performance
The National Democratic Alliance (NDA) Government plans to set up an expert panel to find ways to improve Air India´s performance but presently no proposal is being considered for its privatisation, said Civil Aviation Minister Ashok Gajapathi Raju Pusapati.
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PPP model of airport development lauded
Public-private partnership (PPP) in the development of airports has been flagged as ´one of the significant achievements´ in the civil aviation sector, in the Economic Survey 2014-15. The Survey points out that the PPP model has led to a significant improvement in infrastructure and in collection of revenue.
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GVK, GMR keen on airport projects
Eight companies, including GMR Airports, GVK Group and Adani Ports and Special Economic Zone (APSEZ), have evinced interest in the government project to modernize the airports in Kolkata, Chennai, Ahmedabad and Jaipur.
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Airport, Metro projects will add Rs.1,450 crore to GDP
According to the audit by the National Council of Applied Economic Research (NCAER), big-ticket projects of airport-related infrastructure and Mumbai Metro will contribute Rs 1,450 crore in income to country´s gross domestic product during the entire construction phase (2014-15 to 2018-19).
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ThyssenKrupp launches ACCEL
This is a game-changing transportation system set to accelerate transit times in cities and airports.It is unique; passengers enter walking at a regular speed and get accelerated at high-speeds to the other end. Applying linear motor technology from the Transrapid magnetic train, the ACCEL transportation system will facilitate fast access to metro stations, making it possible to have a station entrance at less than 600 metres from any commuter, attracting up to 30% additional passengers.