Delhi/Mumbai airport privatisation hits hurdle
SYDNEY (Centre for Asia Pacific Aviation) - Airport privatisation processes are long and arduous no matter where they are, but perhaps especially so in India. Reports that the Bharti Enterprises-Singapore Changi Airport-DLF Universal consortium has withdrawn are a blow to the government on the eve of the submission of financial and technical bids, as they would have been considered lead bidders.
The Hochtief Airport-Piramal Holdings-L&T Holding and Macquarie Bank-Sterlite Infrastructure-Aeroports de Paris consortia are also reportedly considering withdrawing. That would leave five shortlisted bidders – enough to ensure a competitive tender – but not an ideal outcome for the government.
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