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.