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Maharashtra to adopt PPP model for 7 airports

July 24, 2007 14:50 IST

Maharashtra government will adopt public private parntership model for building airports in seven cities of the state, Vice Chairman and Managing Director of Maharashtra Airport Development Company R C Sinha said.

Of the seven proposed airports, the one at Shirdi will be greenfield whereas in case of other six cities, airstrips exist already but there is no airport infrastructure, Sinha told PTI in an interview.

Besides Shirdi, development of new airports have been planned for cities like Solapur, Phalton, Dhulia, Karad, Jalgaon and Chandrapur. Airports in Solapur and Jalgaon will be taken up first while the construction on other airports would be taken up gradually, Sinha said.

Under the Public Private Partnership, MADC on behalf of the state government will give land on which the private party would

build the airport. The proposal is that the party which builds the airport will also run the same. A joint venture company will be formed for the development of the airports.

The value of the land would be converted into equity and MADC will hold that equity.

According to Sinha, many airlines have shown interest in starting flights to these regional destinations and there would be small 48 to 52 passenger aircraft operating there.

While in case of Shirdi, traffic is expected to be high and every single airline is willing to start flights. MADC has appointed L and T Ramboll as consultant which will visit each city and suggest the technicalities required to make the airports operational there.

They are supposed to give a report in four months after which MADC will decide on the investment requirement, Sinha said.

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