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Andhra Pradesh to award Nellore airport project to Indu Group

Wednesday, 22 Oct 2008
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The Andhra Pradesh government has in-principle decided to give the Nellore airport project to the Indu Group. To avoid the bid process, the project will be executed under the G2G (government to government) model.

The Indu Group is partnering with the Maharashtra Airport Development Co, which has submitted a proposal for the airport. MADC will hold 80 per cent equity while the private partner will have the remaining 20 per cent. But this equity structure is likely to be changed later.

District (Nellore) officials have already identified 1,500 acre in Damavaram between Nellore and Kavali for the proposed airport.

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