Sunday, August 12, 2007

The new begining with Merchant Airports !!!

With so much of buzz regarding Indian Aviation, hw can the Airport infrastucture can b (left) behind...from privatisation to PPP models. here comes the merchant airports...

They have been conceptualized as airport infrastructure entirely in private sector with private resources and with no Government funding. The entrepreneur will set up and operate airport on the basis of commercial viability subject to the safety and security oversight of the Government. Such a proposal would dispense with the requirement for investment of Government resources and therefore, a more liberal and only a license based approval procedure could be considered. It is proposed to allow 100% FDI in such airports.‘Merchant Airports’ would be totally built by private companies, land being a State subject, the assistance of State Government would be necessary. Similarly, facilitation by the Central Government in terms of clearances from Defence, Environment etc. would be essential besides the regulatory oversight. The Ministry of Civil Aviation has received 03 proposals so far to develop merchant airports. these are at -

  • Gwalior (Madhya Pradesh) - Cargo Airport to be developed by Gwalior Sugar Corporation Ltd.
  • Durgapur (West Bengal) - Passenger Airport by a JV of KOlkata based Reality Developer & Haryana based HUDCO.
  • Jhhajjar (Haryana) - Cargo Airport (Int'l) by Reliance Industries, may be to supplement its supply chain for which it is also planning to set up a Cargo Airline...
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