IRB Infrastructure Developers (IRB Infra) has secured a contract from MIDC
for the construction of a greenfield airport in Sindhudurg district of
Maharashtra.
IRB Infra's scope of work includes design, build, finance and operation of
the airport project. As per provisions of the bid, the company is required to
form a SPV. The project is having a concession period of 95 years, which
includes the construction period of 18 months from the date of fulfillment of
conditions precedent.
MIDC has acquired around 650 acre which will be handed over to the SPV for
the development of the airport.
Also See:
IRB Infra bags
Pathankot-Amritsar project (4-Aug-09)
Related Links:
Project profile