Wednesday, August 24, 2016

Centre's nod to consortium may delay Navi Mumbai airport project

Even as the Union civil aviation ministry has intending to set 2019 as its deadline to operationalize the Navi Mumbai airport, the project may see further delays.
The airport bidding process is likely to be delayed further with the entry of a fourth player, a consortium of Voluptas Developers (Hiranandani Group) and Zurich Airport, into the fray. A deadline of September 1 was set for submission of request for proposal (RFP) documents for the three bidders in the fray earlier. With Voluptas Developers receiving a security clearance from the Union ministry of home affairs (MHA), which was earlier denied to them, Cidco will now have to issue RFP documents to the consortium and also grant them time to submit the same. The MHA clearance, for Voluptas Developers to bid for the Navi Mumbai airport, came in after it gave a similar security clearance to bid for the Mopa International Airport in Goa was given to the company after a Delhi high court order.
24/08/16 Sanjeev Devasia/ET Realty
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