Thai-Indian duo ahead in airport race

A Thai-Indian consortium has emerged as the lowest bidder for the Rs 2,000-crore Calcutta airport modernisation project.
ITD of Thailand, which was involved in constructing Suvarnabhumi airport in Bangkok, and its Indian partner ITD CEM have quoted around Rs 2,000 crore, said sources in the civil aviation ministry, which completed examining the bids on Wednesday.
The highest bid was around Rs 2,400 crore. Three consortiums and one company had submitted the technical and financial bids on June 16.
The others were Pomerleu Inc (Canada)-CCCL, TAV Tepe Akfer Yatirim Insaatva Isleme AS (Turkey)-Punj Lloyd Ltd and India’s Larsen and Toubro.
Usually, the lowest bidder is awarded the contract but a ministry official said it would take around three weeks for the award to be announced.
“The bid will be evaluated by a technical committee, which will send its recommendation to the Airports Authority of India (AAI) board for approval,” the official said from Delhi.
Financial as well as technical experts will be members of the committee.
27/06/08 The Telegraph

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Categories: Airports Jun 2008, Foreign Jun 2008