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Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh.
The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because of stringent conditions.
Earlier, the state government had envisaged developing an aviation hub at Kushinagar and the total project cost was pegged at Rs 850 crore. Besides, the bidders were required to have an experience of running an international airport in India. Now the government decided to set up a plain-vanilla airport at a cost of Rs 354 crore.
In the earlier bidding, the process did not move beyond the Request for Qualification (RFQ) stage, although four reputed infrastructure companies, such as GMR, GVK, Larsen & Toubro (L&T) and Gammon India were in the fray.
This would be the country’s first airport, where the centre had given in-principle approval for viability gap funding (VGF) of 20 per cent. Additional 20 per cent grant has also been committed from the state government.
Around 550 acre land for the Kushinagar airport has been acquired by the state government and the project would be built on public-private partnership (PPP) model.