Kushinagar international airport project to get wings.

The much-awaited Kushinagar international airport project in Uttar Pradesh will get a fresh lease of life when the financial bid document is floated in some days.

The project, likely to cost Rs. 354 crore under public-private partnership (PPP) model, has been hanging fire for the last several years.

The state Cabinet headed by Chief Minister Akhilesh Yadav cleared the project, to be built under design build finance operate transfer (DBFOT) basis. The Cabinet also vetted and approved the final bid document.

'The document is likely to be floated recently, and the eight bidders who had qualified the preliminary bid process would be given time until February 17 to submit financial bids,' an official source told Business Standard.

The bidders, who had qualified technical bid process undertaken in March 2013, included GMR, Essel, Gammon India, Shreya Infrastructure and Transstroy.

BS