Seven bidders for US$575 million airport PPP in India
Andhra Pradesh Airports Development Corporation (APDCL) has received
seven responses to a Request for Qualifications (RFQ) for the development of a greenfield international airport in the state, located in the south-east of India. The estimated total investment of the project is INR42 billion (US$574.6 million).
To be located in Bhogapuram, 40km from Visakhapatnam, the largest city in the state, the airport is to be delivered by a private partner in three phases, on a design, build, finance, operate and transfer basis. After completion of the first phase, the airport will have capacity to handle six million passengers a year.
The second phase will double this capacity to 12 million passengers a year, and the third phase will increase annual handling capacity to 18 million passengers. The airport will have a separate cargo complex in order to cater to the growing need for air cargo services and facilities to support APCDL's ambition of creating a national maintenance, repair and overhaul (MRO) hub. The concession period is 40 years, with a 20-year extension option.