Investors eagerly await Chennai tender
Global airport investors have been busy forming alliances with
Indian companies ahead of the much-anticipated modernisation project for Chennai
International Airport. The airport is expected to be privatised under a similar
PPP model to Delhi and Mumbai, under which the private sector owns a 74% interest
in the JV, while Airports Authority of India (AAI) and the respective State
governments hold 13% each. Foreign investors, though, are not allowed to represent
more than 49% of the JV.
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