Maytas Infrastructure led consortium to construct Gulbarga airport
17 Jun 2008
Mumbai: Amongst the 35 non-metro airports being constructed or developed by the Airports Authority of India, the airport at Gulbarga in the State of Karnataka will be developed by a consortium led by Maytas Infrastructrure. The other partners in the consortium, along with Maytas Infrastructure, are NCC Infrastructure Holdings and VIE India Project development Holdings.
The consortium will develop and operate the airport, which is a greenfield project undertaken through the public private partnership route, on a Build Operate Transfer (BOT) basis.
The partners will operate through a special purpose company where the consortium partners Maytas Infra, NCC and VIE will have a shareholding pattern of 37 per cent, 37 per cent and 26 per cent respectively.
The construction period of the project is 24 months from the date of signing of the agreement with a concession period of 30 years.
The term may be extended by an additional 30 years.
