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 Reports that the Bharti Enterprises-Singapore Changi Airport-DLF Universal consortium has withdrawn are a blow to the government on the eve of the submission of financial and technical bids, as they would have been considered lead bidders.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.
Unparalleled coverage of India’s burgeoning aviation market, including latest news, data and in-depth analysis is contained in The Monthly Essential India: Airports, Airlines & Tourism. Click the icon below for more information.