Government flows out Tender for Puri International Airport Construction

The model is built under the model ship of PPP [Public Private Partnership] mode. The project will be completed within three years and the estimated cost is around Rs. 2203 crores.  The government will assign the work to the PPP partner who won the bid last April. The government has provided an initiative of Rs. 275 crore for the green field airport in Puri along with the renovation and expansion of four air stripes. The airport will be developed, operated, and maintained under PPP mode for seven years from the commencement of the commercial operation date.

The project will be carried out by Odisha Industrial Infrastructure Development Cooperation's floating tender, which has invited international competitive bidding on PPP mode.

 

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

The filing of the online tender process will begin on February 21, while the technical bids will be built and will be opened on April 21. The much-awaited international airport will be built on a land plot measuring around 1,164 acres at Sipasarubali in Puri. The airport will be set up under the Greenfield Airport [GFA] Policy,2008. Notably, the Ministry of Civil Aviation [MoCA] has earlier granted site clearance approval for the project in 2023.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits