New Delhi: Infrastructure major GMR today expressed hope of bagging the bid to modernise an important airport in the Philippines, saying its joint venture was the highest qualified bidder for the over $325 million contract.
"We are technically the highest qualified and between the first and the second bidder there is only 2.5% difference. We are waiting for their clearances," GMR Group Chairman G M Rao told reporters after meeting Finance Minister P Chidambaram here.
"We are highest technically qualified as well as the highest bidder. It is a process. It will happen soon," he said when asked how confident he was about winning the bid.
GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction which submitted a bid of 14.4 billion Philippine pesos or around $326 million. In the bids which opened last week, it defeated Filinvest-CAI consortium that includes Singapore's Changi Airport.
18/12/13 PTI/Business Standard
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"We are technically the highest qualified and between the first and the second bidder there is only 2.5% difference. We are waiting for their clearances," GMR Group Chairman G M Rao told reporters after meeting Finance Minister P Chidambaram here.
"We are highest technically qualified as well as the highest bidder. It is a process. It will happen soon," he said when asked how confident he was about winning the bid.
GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction which submitted a bid of 14.4 billion Philippine pesos or around $326 million. In the bids which opened last week, it defeated Filinvest-CAI consortium that includes Singapore's Changi Airport.
18/12/13 PTI/Business Standard
