Monday, February 01, 2016

Cidco to extend bid deadline for Navi Mumbai airport

The city and industrial development corporation (Cidco), the urban development body created by the Maharashtra government, has decided to extend the period for inviting tenders regarding pre-development works for the Navi Mumbai airport project to attract more bidders.
A senior CIDCO official confirmed the development to FE and said in the next couple of days the organisation will decide on the number of days to be extended. The tender for pre-development work was supposed to be opened on January 5.
Meanwhile, the ministry of civil aviation has asked the Airports Authority of India (AAI) to become a part of the Navi Mumbai airport project along with CIDCO. The ministry has given five years to AAI for buying 5% stake from CIDCO’s share of 26 % in the special purpose vehicle to be formed along with private partner for the project.
Earlier this month, the home ministry has rejected the request for proposal (RFP) submitted by Hiranandani Developers along with Zurich Airport on security grounds.
01/02/16 Malyaban Ghosh/Financial Express
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