AAI to Invite Bids for City Side Development of 10 Non Metro Airports
AAI to Invite Bids for City Side Development of 10 Non Metro Airports
The government is planning to invite bids for city side development of 10 non metro airports. The Airports Authority of India (AAI) is currently in the process of land identification, which it hopes to complete by the end of November. Following this, the request for Quotation (RFQ) process is expected to begin by the following month.
The city side development involves development of hotels, shopping complex etc near the airports. This project is expected to cost around INR 1500 and AAI expects to gain revenues to the tune of INR 1200cr from private developers undertaking city-side development at the proposed 10 airports.
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AAI is looking to improve the revenues from non aeronautical activities like duty-free shops and food and beverage sales. While international airport operators earn 70% of their revenue from these activities, AAI garners only 25%. AAI is also facing a revenue shortage of INR 5000cr.
AAI to Invite Bids for City Side Development of 10 Non Metro Airports
The city side development involves development of hotels, shopping complex etc near the airports. This project is expected to cost around INR 1500 and AAI expects to gain revenues to the tune of INR 1200cr from private developers undertaking city-side development at the proposed 10 airports.
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AAI is looking to improve the revenues from non aeronautical activities like duty-free shops and food and beverage sales. While international airport operators earn 70% of their revenue from these activities, AAI garners only 25%. AAI is also facing a revenue shortage of INR 5000cr.
The government is planning to invite bids for city side development of 10 non metro airports. The Airports Authority of India (AAI) is currently in the process of land identification, which it hopes to complete by the end of November. Following this, the request for Quotation (RFQ) process is expected to begin by the following month.
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