GMR, Tamasuk-B’luru airport consortium for project in Saudi

Hyderabad: Group has passed the qualifying round to submit a bid for the $800 million new Taif International Airport project in Saudi Arabia, according to the National Center for Privatisation & PPP of the Arabian country.

Besides GMR, Bengaluru International Airport Ltd – Tamasuk consortium, Turkey’s TAV Airports – Mada International Holding consortium, Irish company Daa International-led consortium, and Kalyon Insaat consortium, were qualified for the project bidding.

The project will be taken up under a Public-Private Partnership (PPP) model under a Build-Transfer-Operate (BTO) contract for a period of 30 years including the construction period.

The new Taif International Airport will include a well-equipped commercial passenger terminal building aligned with the airport's projected capacity and demand, along with facility buildings, util-ity networks, car parks, and access roads that enable the standard operation of the airport.

The project includes additional expansions to meet future subsystem requirements, the NCP said.