Piramal Enterprises Ltd (PEL) is tying up with the worlds second largest pension fund APG Asset Management (APG) to invest $1 billion in Indias roads, ports, airports, power plants, telecom towers, the education and healthcare sectors.
Tag: Airports
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ADB may fund Chennai-Vizag corridor
Asian Development Bank (ADB) has shown interest to back an industrial corridor along the coast of Andhra Pradesh, giving a confidence boost to the state as it prepares for a new life without Telangana and Hyderabad.
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GMR to bid for all six airports
GMR Group plans to bid aggressively for all the six airports that the government will privatise. The company does not intend to tie up with any player as it is eligible to bid alone this time.
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Privatisation of airports on hold till elections
The Ministry of Civil Aviation will take up the privatisation of six major airports only after the elections, according to a top official in the ministry. A parliamentary panel had opposed the government's decision of privatising six airports in Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati. The government had decided to allow private parties to pick up 100 per cent equity stake in operation and management of these airports.
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Kempe Gowda International Airport: Aerotropolis of the south
Until recently the fastest growing city in the continent, Bangalore now has an airport that is expanding at the fastest rate in the country. With a spanking new Terminal 1A, it now hopes to be the hub of choice for the south.
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London’s airports need to be expanded: Minister
The United Kingdom's new Aviation Minister Tory MP Robert Goodwill has said that LondonĆās biggest airports need to be expanded further.
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Ten more Indian airports to adopt SITA services
The Airports Authority of India (AAI) has chosen world's leading specialist in air transport communications and information technology SITAĆās next generation airport management system to transform operations at ten airports across India. The system enhances the passenger journey for 42 million passengers.
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Govt takes up modernisation of airports
The Union government, as part of its modernisation and upgradation of airports has constructed new terminal buildings of airports at Kolkata, Chennai, Ranchi, Raipur, Puducherry, Bhubaneshwar and Jaisalmer (Civil Enclave), said the Union Minister of State for Civil Aviation, KC Venugopal in the Lok Sabha on August 22.
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Privatisation of A’bad airport to make flying costlier
In a recent decision, the aviation ministry has decided to privatise 15 airports in the country. The process will kick off with six airports and Ahmedabad is one of them. When the Ahmedabad airport is privatised, air passenger will have to be ready to shell out 10-20 per cent more. To meet market demands, infrastructure needs to be upgraded and for that the government is involving private players, said a senior government official. With privatisation, services may improve but it will also mean i
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Govt okays privatisation of Kolkata, Chennai airports
To bring in private operators to run airports, the Union government on July 4 approved privatisation of the Chennai and Kolkata airports, which are currently operated by the Airports Authority of India (AAI). Separately, AAI has sought approval from the government to raise Rs 1,000 crore through issue of tax-free bonds to develop 50 low-cost airports in the country. The inter-ministerial group decided to privatise the older terminals by bringing in a joint-venture partner to manage operations at