Zurich International Airport among four bidders for USD 2.25bn India project

06 November 2019 - 12:00 am UTC

Four companies – including Zurich International Airport AG and Adani Enterprises – have submitted bids to build an INR 150bn (USD 2.25bn) greenfield airport near India’s capital city.

The technical proposals, which were opened today, also include plans from Delhi International Airport and Anchorage Infrastructure Investments Holdings, Shailendra Bhatia, nodal officer at implementing authority Noida International Airport told Inframation.

The winning bid will be decided based on the highest monthly per-passenger fee that the bidders will offer to the state government. The financial bids will be opened on 29 November, Bhatia said.

Delhi International Airport is owned by India’s GMR Group. Anchorage Infrastructure and Investments is a Bangalore International Airport entity, Bhatia said. Bangalore Airport is owned by Fairfax India Holdings Corporation, held by Indo-Canadian billionaire businessman Prem Watsa.

Jewar is one of 18 greenfield airports that has been given in-principle approval by India’s federal government. The others include Mopa (Goa); Navi Mumbai, Pune, Shirdi and Sindhudurg (Maharashtra); Bijapur, Gulbarga, Hassan, and Shimoga (Karnataka), Kannur (Kerala); and Bhogapuram airport (Andhra Pradesh). All of these are in various stages of awarding and/or construction.

India’s GMR Group has the right of first refusal on any new airport within 150km of Delhi International Airport, which it runs. Jewar will be located at a distance of 80km. This 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 proposal is within 10% of the highest offer by another bidder.

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