Wednesday, December 12, 2018

Global Infra majors get level playing field to bid for Noida airport

Lucknow: The Yogi Adityanath cabinet today cleared the proposal to do away with certain clauses in the standard bidding terms, which purportedly accorded more weight to the Indian infra companies in comparison to their foreign counterparts.

UP health minister and government spokesperson Sidharth Nath Singh said following the cabinet nod, the global players would now be treated at par Indian companies during the bidding process. He informed the technical and financial bidding viz. RfQ and RfP would be completed within six months.

He noted the government had tweaked bidding terms to create a level playing field so that the proposed international airport matched up to the best global standards in class.

Last month, Adityanath had pitched Jewar International Airport as a future aviation hub for entire North India. He had also underlined its utility UP and the neighbouring states of Rajasthan, Uttarakhand and Haryana.

To be developed under public-private partnership (PPP) model, the project had been hanging fire over the last 18 years after it was first conceived in 2000 owing to regulatory and clearances hurdles.

As per the techno-economic feasibility report, the airport would comprise two runways and handle 70 million passengers and 3 million tonnes cargo annually when fully developed. Although the project needs about 5,000 hectares, the airport alone would require more than 1,300 hectares in the first phase to become operational by 2022-23.
11/12/18 Virendra Singh Rawat/Business Standard

To Read the News in full at Source, Click the Headline

Related Posts:

0 comments:

Post a Comment