CHENNAI: The Chennai airport has taken a first step towards privatisation. The Airports Authority of India on Saturday began the process by issuing a notice to select a legal adviser for "development, operation and maintenance". After a legal adviser is appointed, AAI will rope in a financial consultant and then an HR consultant.
"The legal consultant and financial consultant will assist in drawing up the tender document for identifying a company to take over the airport. The legal consultant will whet the bid document for legal loopholes and make it foolproof so that private players may not be able to meddle with the revenue," said a senior AAI official.
The bid document will be based on the papers prepared for Delhi and Mumbai airports and will take into consideration the drawbacks of those projects and the feedback.
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