Bidding party urges to re-evaluate Male airport bids

Male: The Turkish-French consortium that submitted proposal for Male International Airport has expressed dissatisfaction over the bid evaluation process, urging for a re-evaluation of the bids.
“Firstly, the newspapers started reporting that GMR won the bid even though we were not told the party who won the bid. We faced many problems, since the two companies in our consortium are also listed in stock exchange,” Gusiloo Betkin, who heads the consortium, told Haveeru via telephone.
“It cannot be said that a certain party won the bid without signing the concession agreement.”
Betkin stressed that the two companies, Turkish TAV Airports Holdings Company and French Airports De Paris Management were also experienced companies with several airports in operation across the world. The marking criteria were not based on a formula that would bring the most income to the government within the 25 years, he added.
TAV Airports Holdings and Airports De Paris proposed US$7 million (RF89.95 million) for upfront payment, 31 percent of the total profit until 2014, and 29.5 percent of the total profit for the remaining years. The companies also offered 16.5 percent of profits from fuel trade. The consortium formed between India’s GMR Infrastructure and Malaysia Airports Holdings that scored the highest marks, proposed to pay US$78 million (almost Rf1 billion) upfront, one percent of the total profit in the first year (until 2014) and 10 percent of the profit from 2015 to 2035.
28/06/10 Haveeru Online, Male

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Categories: Airports Jun 2010, Foreign Jun 2010, New Jun 2010