Bidding for Navi Mumbai airport to be over by '08: Praful Patel

New Delhi: The bidding process for the Navi Mumbai airport is likely to be over by 2008, Civil Aviation Minister Praful Patel said here on Tuesday.
"The Maharashtra government-run company CIDCO, which is developing the airport, is appointing a technical consultant. The Union Cabinet has already given in-principle approval to the project. By next calendar year, the bidding process should be completed," Patel told reporters here.
To questions relating to the new concept of regional airlines, Patel said several applications have been filed.
On allowing higher percentage of FDI in different areas of the aviation sector, he said proposal to enhance the FDI cap from 49 to 74 per cent was before the Cabinet and in some cases, like operation of sea-planes, the proposal is to do away with the cap.
16/10/07 PTI/Economic Times

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Categories: Airports Oct 2007, New Oct 2007