The ministry of civil aviation has set mid-January 2014 as the deadline for privatising the Chennai Airport.
The airport has got snazzy new domestic and international terminals and other facilities at a cost of Rs.2,000 crore, but the Airports Authority of India (AAI), which owns it, has been drawing flak for poor quality of work and maintenance.
The new owner is expected to build a new domestic terminal, modify the old international terminal, lay a parallel taxi track, re-carpet the main runway and build a connection to metro rail station, a common user cargo terminal and a multi-level car park. These are to be done in the first three years after the contract is awarded and are expected to cost Rs.1,200 crore.
The ‘request for qualification’ document released by AAI on Tuesday says the airport and its assets will be transferred to the private firm or consortium that wins the contract, 30 days after December 18.
The airport will have the best of brands in food and beverages and retail as the new owner can develop it as a commercial hub. However, uncompleted projects, including a multi-storeyed parking lot,will have to be finished first.
The owner may also be saddled with a set of food and beverages outlets for 10 years because AAI is trying to push through a one-year-old proposal to appoint a master concessionaire for commercial contracts.
The finer details will be discussed in a pre-application conference with interested firms on September 26.
The airport has got snazzy new domestic and international terminals and other facilities at a cost of Rs.2,000 crore, but the Airports Authority of India (AAI), which owns it, has been drawing flak for poor quality of work and maintenance.
The new owner is expected to build a new domestic terminal, modify the old international terminal, lay a parallel taxi track, re-carpet the main runway and build a connection to metro rail station, a common user cargo terminal and a multi-level car park. These are to be done in the first three years after the contract is awarded and are expected to cost Rs.1,200 crore.
The ‘request for qualification’ document released by AAI on Tuesday says the airport and its assets will be transferred to the private firm or consortium that wins the contract, 30 days after December 18.
The airport will have the best of brands in food and beverages and retail as the new owner can develop it as a commercial hub. However, uncompleted projects, including a multi-storeyed parking lot,will have to be finished first.
The owner may also be saddled with a set of food and beverages outlets for 10 years because AAI is trying to push through a one-year-old proposal to appoint a master concessionaire for commercial contracts.
The finer details will be discussed in a pre-application conference with interested firms on September 26.
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