news Wednesday, January 21, 2015 - 05:30
The News Minute | January 1, 2015 | 10.20 am IST The Ministry of Civil Aviation has changed its mind in less than two months and has decided to privatize the Chennai airport. Late Tuesday night a notice was issued asking interested private firms to apply for the bidding, the last date of which is March 24. It was only two months back that the ministry had said that it would not privatize the Kolkata and Chennai airports. The ministry had earlier said that it would privatize only the management part because Rs. 2,400 crore was spent on it for expansion using public money, Times of India reported. It is this decision that the ministry has now changed and has called for privatization in managing, developing and operating the airport. “They (MoCA) are in an extreme hurry to push this privatization process through without any problems this time. That is why they have issued the same RFQ (Request for Qualification) as the last time, with minor modifications that make it liberal for bidders,” a liaison officer in Delhi told the New Indian Express. The private entity that wins the bid will have to spend Rs. 492 crore to develop the airport which will include modification of the old terminal, expansion of the domestic terminals and building of a connectivity tube to the metro station. However, the unions may not allow the process to go smoothly as jobs and livelihoods are at stake. Tweet Follow @thenewsminute
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