Mumbai: The Civil Aviation Ministry has approved CIDCO's request to let it share non-aeronautical revenue from the bidder, removing a potential bottleneck in the bidding process for the proposed Rs 14,500-crore Navi Mumbai International Airport.
The Ministry has approved 'the shared till' model, a request made by the implementing agency City and Industrial Development Corporation (CIDCO), after the bidders sought clarification on the matter.
The model allows the operator to retain a percentage of non-aeronautical revenue (from retail shops/concessions in terminal building, parking charges, etc.) from the airport.
With the approval in place, CIDCO has once again extended the deadline for submission of RFQ to January 28.
08/12/14 PTI/Economic Times
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The Ministry has approved 'the shared till' model, a request made by the implementing agency City and Industrial Development Corporation (CIDCO), after the bidders sought clarification on the matter.
The model allows the operator to retain a percentage of non-aeronautical revenue (from retail shops/concessions in terminal building, parking charges, etc.) from the airport.
With the approval in place, CIDCO has once again extended the deadline for submission of RFQ to January 28.
08/12/14 PTI/Economic Times
