Mumbai: While the Mumbai International Airport Ltd (MIAL) led by GVK has won the bid to build the Rs 16,000 crore Navi Mumbai Airport project, sources said full fledged construction work will likely begin only after monsoon. Sources indicated that the bidder may need 4-5 months’ time to make financial arrangements for the project.
Abhay Chautala Detained, Says Leaders Opposing SYL Canal Won’t Be Allowed To Enter Haryana
Last week, the GVK, which operates the Chhatrapati Shivaji International Airport in Mumbai, won the bid by offering 12.60 per cent of the annual gross revenue generated by the airport to the City and Industrial Development Corporation (CIDCO), higher than the 10.44 per cent offered by GMR Airports Limited, which operates the Delhi International Airport.
Officials from the CIDCO said the Cabinet will soon take a decision about awarding the project to the successful bidder. “Since the code of conduct is likely to get over on February 23, the cabinet decision will happen anytime before the budget session of the state assembly,” said an official.
The official added that the financial closure of the bidding process will happen within 180 days.
23/02/17 Vishwas Waghmode/Indian Express
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Abhay Chautala Detained, Says Leaders Opposing SYL Canal Won’t Be Allowed To Enter Haryana
Last week, the GVK, which operates the Chhatrapati Shivaji International Airport in Mumbai, won the bid by offering 12.60 per cent of the annual gross revenue generated by the airport to the City and Industrial Development Corporation (CIDCO), higher than the 10.44 per cent offered by GMR Airports Limited, which operates the Delhi International Airport.
Officials from the CIDCO said the Cabinet will soon take a decision about awarding the project to the successful bidder. “Since the code of conduct is likely to get over on February 23, the cabinet decision will happen anytime before the budget session of the state assembly,” said an official.
The official added that the financial closure of the bidding process will happen within 180 days.
23/02/17 Vishwas Waghmode/Indian Express
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