Session Ten :
Case Study presentation on Changi Airport International: Leveraging on the new investment opportunities arising from India's recent Merchant airport Programme
By Arti Saggi | Mumbai
Changi Airport International (CAI), in order to expand in the Indian market is looking forward for the government to issue Public Private Partnership (PPP) tenders for the Navi Mumbai and Greater Noida Greenfield airports. They are looking forward to invest on the city side development of 24 non-metro airports and are also keen on partnering in the Merchant airports coming up in Tier-II and III cities of the country.
The last session of the day explored CAIs overall experience when investing in Indian airports. Changi Airport International is partnering Bengal Aerotopolis Projects Ltd. for the proposed Durgapur Aerotropolis – the first private Aerotropolis in India under the newly introduced Merchant Airport Programme. This has paved the way for fully privatised airports in India that are 100 per cent owned by private developers. This airport is expected to attract a total investment of USD 2.5 billion. In Durgapur CAI is involved in detailed engineering and training.
Commenting on CAIs plans and experiences on their participation in Aerotopolis, NG Tim Peng, Regional Vice President (India), Changi Airports International Pvt. Ltd. said, "We have agreed to participate in the Aerotopolis as we have built such Aerotopolis earlier and have some experience." The airports will be built by the private sector, facilitated by the state government in land acquisition. There is a single window clearance and 400 potential sites have already been identified. Maharashtra, Karnataka and Andhra Pradesh have issued Expression of Interest (EOI) in last six months.
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