Tuesday, October 18, 2016

Navi Mumbai International Airport project: After disqualification, Hiranandani back in fray

The Hiranandani Group is back in the fray for the Navi Mumbai International Airport (NMIA) project along with its consortium partner, Zurich Airport.
The group had earlier been disqualified from bidding for the project owing to concerns over the company’s security clearances, but Hiranandani subsequently submitted a bid for building the Goa airport two months ago. After the bid was accepted at Goa, Hiranandani moved court, saying it should be allowed to bid for other airports as well. Later, the government agencies allowed Hiranandani to participate in the bid for the Navi Mumbai project.
The last date for submission of bids is November 7. The three other companies in the fray so far are GVK, GMR Group and Tata Realty along with Vinci Concessions.
The bids will be submitted to City Industrial and Development Corporation (CIDCO) and vetted along with the project monitoring and implementation committee (PMIC). The PMIC is headed by the state chief secretary and comprises representatives from the Union civil aviation ministry. The entire process is expected to take at least two months from the last date of submission, given the various stages of scrutiny and approvals required.
Meanwhile, the pre-development work for the airport has just started. For this, the airport area has been divided into four zones. While zone three and zone four are being developed by Gayatri Projects and GVK respectively, CIDCO has put up zones one and two for re-tendering. This process is expected to be over in about one-and-a-half month’s time.
18/10/16 Rouhan Sharma/The Financial Express

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