Adanis to pay over Rs 3 lakh cr for running 6 airports
New Delhi, March 13 (IANS) The Adani Group will pay over Rs 3 lakh crore to the Airport Authority of India (AAI) for operating six airports in the country under the Public Private Partnership (PPP) model.
The company emerged as the highest bidder for all the six airports — Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram, Guwahati and Mangaluru — as per financial bids opened on February 25.
The bid was decided on the basis of the highest per passenger fees quoted by the bidder.
Adani bid Rs 177 per passenger for Ahmedabad, Rs 174 per passenger for Jaipur, Rs 171 for Lucknow, Rs 160 for Guwahati, Rs 168 for Thiruvananthapuram, and Rs 115 for Mangaluru.
Adani Enterprises will look after the operation and management of the airports, currently run by the AAI, for 50 years.
According to documents reviewed by IANS, Gautam Adani-led Adani Enterprises will pay about Rs 3,15,000 crore to the AAI, against Rs 2,60,000 crore quoted as the second highest bid for the airports. Accordingly, they will pay Rs 55,000 crore additional premium compared to the second highest bidder.
IANS has learnt that the company will also be liable to pay a minimum of Rs 6,000 crore per year to the AAI, whereas it will have to incur an capital expenditure of minimum Rs 20,000 crore, for the six airports in the next five years.
The development comes as a major shot in the arm for the group amidst reports that the company plans to acquire a stake in Mumbai International Airport Ltd, which is current[
New Delhi, March 13 (IANS) Amidst media reports that seven I-League clubs that were to participate in the upcoming Hero Super Cup beginning March 15 had withdrawn from the competition owing to the apathy of All India Football Federation (AIFF), the participating seven clubs together issued a press release on Wednesday to explain the reasons for their action.
All the seven clubs — Chennai City FC, Quess East Bengal, Mohun Bagan, NEROCA FC, Aizawl FC, Gokulam Kerala FC and Minerva Punjab FC — said that they had raised several issues pertaining to the I-League in their letter of February 18 to the AIFF General Secretary but there had been no response.
The release also mentioned that because of the absence of clarity on the league and its future, it was becoming difficult for the clubs to find sponsors.
“We, the clubs are here to play and win for our fans and not get involved in litigations. The clubs expressed their faith in AIFF and feel it will take necessary steps to address their issues. We are ever ready to play the game if our concerns are addressed and look forward to the growth of this beautiful game in our country,” the release said.
— IANS
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