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Adani Group to pump Rs 18,000 crore to develop 6 airports including Mangaluru

  •   Mon, Oct 21 2019 06:23:34 PM

Daijiworld Media Network - New Delhi 

New Delhi, Oct 21: The Mangaluru International Airport will be run by the Adani Group in public private partnership (PPP) model for the next 50 years. The firm led by billionaire Gautam Adani won bids to operate six airports in February this year. Apart from Mangaluru, the firm will run Mumbai International Airport (MIAL), Ahmadabad, Lucknow, Jaipur, Thiruvananthapuram. 

The Ahmadabad based conglomerate is contemplating to invest Rs 18,000 crore of which Rs 10,000 crore will go in attaining a major stake in MIAL. The remaining Rs 8,000 crore will be used to develop Mangaluru, Ahmadabad, Lucknow, Jaipur, Thiruvananthapuram airports. 

However in Thiruvananthapuram, the firm is facing challenges as Kerala government filed a petition in the high court, saying it will not allow a private company to take over the airport. 

Airports Authority of India had opted for a new model of revenue generation from these six airports’ prospective bidders. “The concessionaire shall pay to the authority, on a monthly basis, a fee (the ‘per-passenger fee’ or PPF) in respect of each passenger (both domestic and international) handled at the airport,” according to the request for proposal document for these six airports. Adani’s PPF was the highest for all the six airports. It was Rs 177 for Ahmadabad, Rs 171 for Lucknow, Rs 115 for Mangaluru, Rs 174 for Jaipur, Rs 168 for Thiruvananthapuram and Rs 160 for Guwahati. 

After winning the bid, Adani Group released a statement on February 26 this year that it “would be aiming to scale up the infrastructure to bring these facilities on a par with global standards”. As per the statement, the Adani Group will be “responsible for operations and management of the existing airport assets as well as for designing, engineering, financing, construction and development of the additional air-side, terminal, city-side and land-side infrastructure for the airport and the operation and management thereof in accordance with the concession agreement and applicable laws under the PPP lease terms."
  

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Comment on this article

  • AnoNymouS, Mangalore

    Tue, Oct 22 2019

    Get ready to hikes in fares. Ready to sell the entire motherland to investors. This is what happens when you vote blindly. Change comes at a steep price.

    DisAgree [3] Agree [4] Reply Report Abuse

  • shobha, managlore

    Tue, Oct 22 2019

    Yeah ,it is painful that many public sector are changing to private sectors. But it is good because if they privatize these sectors they will do maintenance very nicely, all the areas will be clean , they will not charge more, see in man galore airport they are not charging in the entrance. but in the hands of government they will not maintain it properly, only they do is filling their pockets.

    DisAgree [2] Agree [8] Reply Report Abuse

  • Dinesh, Mangalore

    Tue, Oct 22 2019

    Due to kannur airport international service will reduce from mangalore then what is the use to pump money....

    DisAgree [11] Agree [2] Reply Report Abuse

  • Howdy Doody, Mangalore

    Tue, Oct 22 2019

    Will Adani Group hike fees for passengers? If the fees are hiked, what will be the amount or percentage?

    DisAgree [5] Agree [7] Reply Report Abuse

  • Mohsin, Mangalore

    Mon, Oct 21 2019

    These BJP Modi EVM sarkar government is really making nonsense by giving Indian Airports for privatisation please kindly wake up India and do justice by stopping these BJP Modi EVM sarkar government to stop these days and save our country ,

    DisAgree [17] Agree [13] Reply Report Abuse

  • Sunil Pinto, Dubai/ Udupi

    Mon, Oct 21 2019

    18000 crore or 50000 crore ...
    But please Mr Adani reduce the pissing charges from Rs. 5 to Rs. 2/- in toilet outside airport..

    DisAgree [2] Agree [18] Reply Report Abuse

  • Rita, Germany

    Mon, Oct 21 2019

    whoever gives the bid,or takeover ,mangalore airport needs very badly refresher.Good old ways ,same bulilding .nothing more attracts this.With new staff and new digital methods give a new face to mangalore airport..Only then more passangers will go through our airport.otherwise it can be closed and start elsewhere.Anyway no big flights can land here.like in kannur.Kerala govt is trying to keep the level high.we are sleeping still.

    DisAgree Agree [11] Reply Report Abuse

  • Sahil, Mangaluru

    Mon, Oct 21 2019

    Power makes everything. But any one can think before 20000 years. No.... Just enjoy present day with one peg should not bother about even next day.

    DisAgree [4] Agree [3] Reply Report Abuse

  • A.B.M., Mangalore

    Mon, Oct 21 2019

    That group is already allegedly so very deeply in debt. I wonder where they are getting the investment from.

    DisAgree [5] Agree [16] Reply Report Abuse

  • Alwin, Mangalore

    Mon, Oct 21 2019

    The govt has invested large amount of money on land building infrastructure human resources on port and Airport. They have hidden value and it's not coming under revenue or liability.All the concerned real value. Now handing over to PPP which is not deceiving public and loot of property by Private.ThebGovt must publish true net value of assets. The prominent land goes to Private people.so publish assets and liabilities for evaluation purpose and stop drama.publish true value of assets.

    DisAgree [5] Agree [16] Reply Report Abuse

  • Deepak, Mangalore

    Mon, Oct 21 2019

    Pumping via Pumpwell?

    DisAgree [4] Agree [17] Reply Report Abuse

  • abdulla, india

    Mon, Oct 21 2019

    Design it like the Changi airport in Singapore...Airport city..
    Build proper Hard/Soft Landscape.
    Build a proper Road ..infrastructure...
    Build METRO connection to the city...
    The airport is on the mountain top..table top.
    so the access Incoming and Exit roads should be well constructed....
    neat and complete..
    With Lighting....of the roads..
    proper Signboards...
    Build a proper High way...
    Build Rental car..UBER/OLA /Meru facilities...
    Build a new terminal complex..
    well designed by Europeans/Singapore..
    build cold/chiller stores.
    export: fresh vegetables/ chilled meat carcass: Lamb and Chicken.
    Fresh fruits./FLOWERS..LIKE Jasmines.
    Build proper Duty free shops..
    like Dubai..singapore..Hongkong..london.

    DisAgree [7] Agree [26] Reply Report Abuse

  • H. Almeida., Bendur/Andheri

    Mon, Oct 21 2019

    Dakshin Kannada district n coastal Karnataka regions, were neglected for decades ! Till date, there is NIL source of any employment, despite rail, port, air and NH66, connectivity.... Massive funds, investments are required to upgrade infrastructures.... We dont care who are the financiers, provided they develop and bring prosperity to the citizens of the state !!!!

    DisAgree [19] Agree [14] Reply Report Abuse

  • shetty_kudla, Kudla

    Mon, Oct 21 2019

    If there is not employment & Development, answer the following:
    1. How did we get Concrete road?
    2. How did we get 4 Medical colleges and many engineering colleges?
    3. New airport terminal, connecting road, taxiway, navigation tower?
    4. Infosys big & small campus, Emphasis campus, Robosoft?
    5. Fisheries College, Fishing port
    6. MRPL phase-1, phase-2, phase-3
    7. MCF
    8. NMPT, KIOCL
    9. Bycampadi, Yeyyadi and Karnad Industrial area

    DisAgree [3] Agree [8] Reply Report Abuse

  • Anees, Karkala,Dubai

    Mon, Oct 21 2019

    Fixed depositor in Indian banks are sleeping partner with Adani Groups.

    DisAgree [6] Agree [39] Reply Report Abuse

  • Anees, Karkala,Dubai

    Mon, Oct 21 2019

    As ordinary Chemical trader from where he get Rs18,000 cr.is it white or black rupee note.

    DisAgree [9] Agree [36] Reply Report Abuse

  • JD, Blore

    Mon, Oct 21 2019

    WoW Acche Din for Mangalore airport, Hope they add new flites and develop it

    DisAgree [16] Agree [20] Reply Report Abuse

  • Jossey Saldanha, Atlanta

    Mon, Oct 21 2019

    Why only Ambani or Adani ...

    DisAgree [22] Agree [40] Reply Report Abuse

  • Sheena, Maveenakatte/Haleooru

    Mon, Oct 21 2019

    Only Adani can change mangalore airport. Everybody given chance to bid..other's failed. Why now doing drama. Act according to law..whoever it might be. Do you people have money to manage..??

    DisAgree [39] Agree [36] Reply Report Abuse

  • Jossey Saldanha, Atlanta

    Mon, Oct 21 2019

    Banks give loans only to Mallya, Chokshi, Ambani, Adani & Nirav ...

    DisAgree [17] Agree [44] Reply Report Abuse

  • Krishna, Mangaluru

    Mon, Oct 21 2019

    Which bank gave loan to Belgaum Sahugarthi?

    DisAgree [15] Agree [13] Report Abuse

  • Sheena, Maveenakatte/Haleooru

    Mon, Oct 21 2019

    All mentioned defaulters given loan during congress regime.

    DisAgree [32] Agree [13] Report Abuse

  • Peter Saldanha, Udupi

    Mon, Oct 21 2019

    Initially SBI had rejected loan for Mallya, but pressure from PMO office to sanction the loan,, PM was Maun Mohan Sardar

    DisAgree [34] Agree [12] Report Abuse

  • Ramakrishna, Mangalore

    Mon, Oct 21 2019

    Adani got the airport by quoting highest per passenger revenue to the government. However what guarantee is there that this exorbitant fee is not loaded on the passengers?

    DisAgree Agree [4] Reply Report Abuse

  • Feku Howdy, Mangalore

    Mon, Oct 21 2019

    Wonder what Adani is going to do goods confiscated in customs??????....

    DisAgree [17] Agree [34] Reply Report Abuse

  • Kishore Kumar, Mangaluru

    Mon, Oct 21 2019

    Hedda howdy,
    Customs department will not be under the jurisdiction of Adanis in any of these airports....

    DisAgree [6] Agree [35] Reply Report Abuse

  • Feku Howdy, Mangalore

    Tue, Oct 22 2019

    How dare you insult Feku Modi by calling him Hedda Howdy. Now to your reply, RBI is autonomous Independant body then with what jurisdiction BJP govt is stealing money from RBI reserve funds????. I have many more instances if you want whereby BJP is passing resolutions without following proper constitutional procedures.

    DisAgree [5] Agree [5] Reply Report Abuse

  • Eddie, Mangalore/ Dubai

    Mon, Oct 21 2019

    No protests will stop privatization. I pity the current staff of Mangalore airport, no wonder how many will be replaced with private firm staff.

    DisAgree [9] Agree [19] Reply Report Abuse

  • Rajani, Netla Bantwal

    Mon, Oct 21 2019

    First thing and most priority is train the MIA staff how to behave travelers irrespective of their religions .

    DisAgree Agree [47] Reply Report Abuse

  • Naveen, Surathkal

    Mon, Oct 21 2019

    Soon Mangalore will be the province of Gujarati
    Airport
    NMPT
    uPCl

    All these are under Gujarati.
    Kindly wake up Mangaloreans before gets late

    DisAgree [17] Agree [55] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Mon, Oct 21 2019

    It will be very difficult to make Aandha Bhaktas to understand . They will realize only after suffering.

    DisAgree [10] Agree [40] Reply Report Abuse

  • SJM, Mangalore

    Mon, Oct 21 2019

    Acche Din for Adani and Mangalore Airport !!

    We are missing Jet Airways - Pls take over Mr. Adani

    DisAgree [7] Agree [50] Reply Report Abuse

  • Ronald D, Udupi

    Mon, Oct 21 2019

    Adani will invest only where there is money! He will not touch Jet and PMC!! Gujju and baniyas are clever than we think!

    DisAgree [7] Agree [40] Reply Report Abuse

  • Jossey Saldanha, Atlanta

    Mon, Oct 21 2019

    Whose Money ...

    DisAgree [14] Agree [57] Reply Report Abuse

  • Sameerampaul, Hejamadi

    Mon, Oct 21 2019

    Exactly..

    DisAgree [11] Agree [45] Reply Report Abuse


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Title: Adani Group to pump Rs 18,000 crore to develop 6 airports including Mangaluru



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