The government is planning to hand
over the Planning Commission the task of drafting EoIs
for the modernisation of Chennai and Kolkata airports.
The panel will also be given the
task of working out the modalities of modernizing the two airports. The government is considering setting
up a special purpose vehicle (SPV) on the lines of the Delhi Metro to develop
the Chennai and Kolkata airports. The model under consideration will allow
foreign airport companies, Indian firms and financial institutions to be a part
of the SPV.
These companies will have an equity
stake in the SPV though no decision on the equity
stake of private and foreign companies has been arrived at.