Mumbai: The GVK Group, which operates the Mumbai International Airport, will bid for the Navi Mumbai Airport, a senior GVK official told FE. The Hyderabad-based group holds the first right of refusal for the development of the proposed airport in Navi Mumbai.
Other infrastructure companies like Larsen & Toubro and Reliance Infrastructure are also said to be interested in bidding for the project.
If GVK’s bid falls short of the highest bid by 10% or less, it will have the right to revise its offer to match the top bid to operate the airport.
Maharashtra government had recently approved a feasibility study for an alternate site for the airport, which will be conducted on an island located 1.5-2 km from Panvel Creek, after locals resisted its land acquisition drive. However, this hasn’t put brakes on the plans as the government still continues to negotiate with the resenting villagers.
23/11/13 Rhik Kundu/Financial Express
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Other infrastructure companies like Larsen & Toubro and Reliance Infrastructure are also said to be interested in bidding for the project.
If GVK’s bid falls short of the highest bid by 10% or less, it will have the right to revise its offer to match the top bid to operate the airport.
Maharashtra government had recently approved a feasibility study for an alternate site for the airport, which will be conducted on an island located 1.5-2 km from Panvel Creek, after locals resisted its land acquisition drive. However, this hasn’t put brakes on the plans as the government still continues to negotiate with the resenting villagers.
23/11/13 Rhik Kundu/Financial Express
