Wednesday, October 05, 2016

Qualifying norms to bid for Nagpur airport eased

As bids under request for qualification (RFQ) to rope in a private partner for developing Nagpur airport are expected to be received on October 6, a number of conditions have now been eased.
The bidders now need not attach a certificate issued by concerned authorities like directorate general of civil aviation (DGCA), statutory auditors, or other concerned agencies certifying their claim on prior experience, which is a key criterion.
The airport is currently run by Mihan India Limited (MIL), a joint venture between state government and Airports Authority of India (AAI). Under the RFQ, bidders are shortlisted for further taking part in the tender.
Originally, the bids were to be invited on the basis of an upfront amount payable by the private company as well as a percentage share of revenue. Now the bids will be solely on the basis of percentage of revenue to be shared with MIL. The sharing will continue for 30 years. Moreover, the period is extendable.
The other amendments mainly relate to the applicants' experience in operations and maintenance of international airport, cross holding among bidders and assurance of credit line-up.
Under the original document, the applicant needed to have a background of running an international airport as per the meaning provided by International Civil Aviation Organization (ICAO). The condition has been done away with.
An official in MIL said earlier the RFQ document was drawn on the basis of Navi Mumbai airport. The interested parties had requested that the standard format issued by the planning commission should be adopted, especially for the experience clause. The plea was accepted.
05/10/16 Shishir Arya/The Times Of India
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