Panaji: GMR Airports Limited that won the bid to build the international greenfield airport at Mopa, was issued the letter of award by the state government on Saturday.While the project is likely to cost over 4,500 crore, the first phase of the project is estimated at 3,100 crore, including escalations.Chief minister Laxmikant Parsekar on Saturday said he has cleared the Mopa airport file.Director of civil aviation Suresh Shanbhogue told TOI that the cabinet approved the letter of award on Saturday. It was issued to GMR on the same day. "The firm has to convey its acceptance within seven days of the date of issue of letter of award," he said and added that within 45 days of the issue of the letter, the firm has to sign a concession agreement with the government."GMR has to form a special purpose vehicle (SPV) to take the construction of the Mopa airport forward, after which the government will sign the concession agreement," Shanbhogue said.
20/09/16 Times of India
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20/09/16 Times of India
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