Reliance, Videocon Bid For Metro Airports

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http://economictimes.indiatimes.com/articleshow/784648.cms

NEW DELHI: Leading Indian corporates Reliance, Bharti and Videocon along with seven other consortiums entered the race for modernisation of Delhi and Mumbai airports, bids for which closed on Tuesday.

As many as ten bids were received by the Airport Authority of India for modernisation and restructuring of the two airports by the 5 p m hours deadline on Tuesday, sources said.

Telecom giant Bharti Enterprises Limited and Singapore's Changi Airport Managers and Partners (CHAMPS) had submitted bids on Monday after forming a joint venture for the purpose.

Videocon chief V N Dhoot told from Mumbai on phone that his company had collaborated with an Australian firm MYPH Corporation, which is managing the Sydney airport, to bid jointly for modernisation of the two metro airports.

He said the consortium has taken UK Infrastucture Limited as their construction advisor for the project that could "require Rs 1,000 crore and can go up to Rs 3,000 crore".

Asked about the details of the consortium, he said "we will work out the details at an appropriate time."

Besides Bharati, Videocon and Reliance Airport Developers, the other bidders are Larsen & Toubro and Piramal consortium, Australian investment bank Macquaire Bank, Fraport and GMR (which is developing Bangalore Airport) consortium, GVK (developing Hyderabad airport) and Airports Company of South Africa consortium, DS Construction Ltd, DLF and a consortium comprising Essel and TAV Gulf.