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Investors eagerly await Chennai tender

23-May-2007

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. [303 words]

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