Four firms bid for Navi Mumbai airport PPP

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Four firms bid for Navi Mumbai airport PPP

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Maharashtra's City and Industrial Development Corporation (CIDCO) has received four bids for the Navi Mumbai International Airport public private partnership (PPP) project.

The four teams that have bid for the project are the following:

Mumbai International Airport Limited (MIAL), the GVK-led operator of Chhatrapati Shivaji Airport, will have first refusal on the contract. MIAL will qualify automatically for bidding, subject to satisfactory performance at the existing airport, and will have the opportunity to match any opposing bid if its financial proposal is not more than 10% lower than the highest offer.

The Navi Mumbai airport project will be developed on 1,160 hectares. It is expected to have a yearly capacity of 60 million passengers. The new airport is intended to relieve capacity pressure on the Mumbai Metropolitan Region, where air traffic demand is projected to exceed 40 million annual passengers by 2017 and 100 million passengers by 2030.

The total project investment is estimated at Rs145 billion (US$2,34 million) by the second stage, at which point capacity will reach 25 million passengers.

The government had given an initial approval to set up the airport in 2007. It was scheduled to be completed by 2015 but is now aimed to be operational by December 2018.

CIDCO issued the tender process in February and had fixed June 18 as the date of submission of RFQs. The deadline was extended three times, first to July 30, second to 2 September 2014 and third to 30 October 2014.

We have recently reported about several transport PPP project in India:

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