Fifteen companies show interest in USD 2.25bn India airport

16 July 2019 - 12:00 am UTC

A project to build a INR 150bn (USD 2.25bn) airport near India’s capital city has drawn interest from 15 companies, which have bought the tender documents, according to sources close to the matter.

 

Nine of the parties attended a pre-bid conference yesterday to get details of the proposed Jewar airport in India’s National Capital Region, according to a top official at the Yamuna Expressway Industrial Development Authority. He said India’s top airport developers were present as well as companies from overseas, while banks and financial investors attended as well.

 

One of the potential bidders said that the companies interested in the greenfield project include: GVK Power & Infrastructure, Adani Group, PNC Infratech, Fairfax India Holdings, National Investment and Infrastructure Fund, AMP Capital, Atlantia, I Squared Capital and Global Infrastructure Partners (GIP).

 

When contacted by Inframation, Australia-based AMP Capital said it does not comment on market rumours or speculation. Atlantia, I Squared Capital, Fairfax, GMR Infrastructure, GVK Group, Adani Group, PNC Infratech, National Investment and Infrastructure Fund, and Global Infrastructure Partners did not respond to emails seeking comment.

 

GMR has the right of first refusal on any new airport within 150km of Delhi International Airport, which it runs. Jewar is 80km away. The right was built into the Delhi airport concession agreement signed in 2006. GMR will get preference in bidding for the new airport in case its bid is within 10% of the highest offer.

 

Inframation reported on 31 May that Noida International Airport Limited had launched the global tender for Jewar. NIAL now has until 30 August to respond to the queries. All potential bidders are required to submit both technical and financial bids by 30 October.

 

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