Wednesday, June 06, 2018

Airport deal: Date extended for submission of bids

Nagpur: The dates for submitting financial bids by private players for developing the Nagpur airport have been extended by two months. Earlier it was planned to invite the bids till June 14 which has been extended to August 14, following the requests by private players shortlisted for the deal.
Five private companies GVK, GMR, Essel Infra, PNC Infra and Tatas have been shortlisted to bid for the airport privatization. Out these all the companies except Tatas who have been attending the pre-bid meets had requested that the dates for submitting the bids should be extended by two months at least
Sources said that the companies needed time to examine the offer before placing the bids. This would include having an assessment of commercial feasibility and even physical inspection of the airport and its assets said a source. This could be done only after the draft request for proposal was in hand.
There were demands to relax other conditions as well which have not been accepted by the Mihan India Limited — the current operator of Nagpur airport. MIL is a joint venture company of Airports Authority of India (AAI), and state government’s Maharashtra Airports Development Company (MADC).
06/06/18 Shishir Arya/Times of India