India’s GVK, which operates the airport in the financial capital Mumbai, has won a bid to develop a new airport outside the city to ease congestion and cater to surging demand.
GVK outbid GMR Infrastructure the operator of the airport in national capital New Delhi – to develop the 160 billion-rupee (Dh8.81bn) Navi Mumbai airport, Mohan Ninawe, said a spokesman for City and Industrial Development Corp of Maharashtra (Cidco), which had called the bids.
The much delayed project failed to attract any bidder on two earlier occasions and Cidco was forced to make changes in project conditions.
The airport project will be carried out through public private partnership. The project implementing authority Cidco will bear the cost of pre-development works and the amount will be treated as a loan to the project developer.
13/02/17 The National
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GVK outbid GMR Infrastructure the operator of the airport in national capital New Delhi – to develop the 160 billion-rupee (Dh8.81bn) Navi Mumbai airport, Mohan Ninawe, said a spokesman for City and Industrial Development Corp of Maharashtra (Cidco), which had called the bids.
The much delayed project failed to attract any bidder on two earlier occasions and Cidco was forced to make changes in project conditions.
The airport project will be carried out through public private partnership. The project implementing authority Cidco will bear the cost of pre-development works and the amount will be treated as a loan to the project developer.
13/02/17 The National
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