AAI wins Bhogapuram airport development bid

AAI has emerged as the successful bidder for the development, operation and maintenance of the Bhogapuram greenfield international airport. The authority has offered a revenue share of 30.2 per cent to Bhogapuram International Airport Corporation Limited (BIACL). BIACL will now submit the details of the bid evaluation along with the financial bids and respective offers made by AAI and its competitor, GMR, to the government. The project will be awarded once the state government and state cabinet accept the offer. Meanwhile, the Ministry of Environment, Forest and Climate Change has granted environmental clearance for the development of Phase I works of the project.