16 September 2016

Business Standard

Transaction advisors appointed for Dholera Airport: DMICDC

Airport will serve the logistical requirement of a key node - the Dholera special investment region of the Delhi-Mumbai Industrial Corridor

Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) on Friday said it has appointed transaction advisors for the greenfield Dholera Airport in Gujarat.

"The advisors have been tasked with analysing and evaluating various plans, including detailed project report prepared by the Airports Authority of India and suggesting a suitable mode of implementation," DMICDC said in a statement.

"PricewaterhouseCoopers in consortium with Airport Planners and Design Consulting and SPA Legal, has been named transaction advisors for the airport which will be built over 1,426 hectares," it said.

The airport will serve the logistical requirement of a key node — the Dholera special investment region of theDelhi-Mumbai Industrial Corridor (DMIC).

This region is being implemented by the Centre in partnership with the government of Gujarat and is being designed as a global hub for economic activities, equipped with world-class infrastructure and civic facilities.

It said the airport project is being managed and executed by a special purpose vehicle of Dholera International Airport Company.

All necessary approvals including a no objection certificate from the Ministry of Defence, site clearance from the Ministry of Civil Aviation and environmental clearance have already been obtained, it added.

An aviation zone and MRO facility has also been planned over 2,500 hectares of adjacent government land, it said.

India's ambitious $90 billion DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor. Japan is giving financial and technical aid for the project, which will cover seven states totalling 1,483 km.