Wednesday, January 25, 2017

Navi Mumbai International Airport may have only 3 bidders – GVK’s MIAL, GMR, Hiranandani Group

GMR, Voluptas Developers (a Hirandanani Group company) along with Zurich Airport, and the GVK-led Mumbai International Airport (MIAL) are likely to end up as the only bidders for the proposed Navi Mumbai International Airport (NMIA). The last date for submitting the request for proposals (RFPs) is January 25.
City and Industrial Development Corporation (Cidco) — the nodal agency tasked with executing NMIA — had extended the last date for submission of bids on January 9 after three bidders pulled out of the process.
FE learnt from sources in Cidco and the civil aviation ministry that of the three bidders who pulled out on January 9, Tata Realty (TRIL) will continue to refrain from bidding. This would leave MIAL, GMR and Voluptas Developers to compete against each other.
Government sources also told FE that the stage-II forest clearances for NMIA have been granted and a formal announcement will be made shortly.
25/01/17 Rouhan Sharma & Malyaban Ghosh/The Financial Express
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