JAIPUR: Rajasthan Aviation Infrastructure India Private Limited (RAIPL) signed a partnership agreement with Fraport AG (Frankfurt Airport Services Worldwide, Germany) on Saturday. RAIPL is building an aerotropolis project (airport) on Jaipur-Delhi highway.
Fraport is a full-service provider in the airport management field and owns the Frankfurt airport in Germany. This partnership pact is for technical services, operator and strategic partnership. The proposed new airport will be one of the first privately-owned airports in the country.
The new Greenfield Airport Policy (2008) permits private organisations to build airports if permitted by Centre. RAIPL has received all necessary clearances from the Centre to build the airport.
However, the signing of the State Support Agreement (SSA) by the state government is pending. The company plans to start operations by 2014, provided the SSA is signed by the first quarter of 2010.
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