Four teams qualified for Navi Mumbai airport PPP

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Four teams qualified for Navi Mumbai airport PPP

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Maharashtra's City and Industrial Development Corporation (CIDCO), though the the project monitoring and implementation committee (PMIC), has shortlisted all the four bidders for the Navi Mumbai International Airport PPP project in India.

CIDCO reported in a statement:

"The PMIC, chaired by Maharashtra Chief Secretary with senior government officials from the state and Centre today qualified all the four applicants in the global bidding for this project of national importance. With this pre-qualification, the project bidding has reached a very important phase, wherein the bidders will bid for the award of airport concession with the bid parameter being per cent share of gross revenue offered to CIDCO."

"Apart from serving the Mumbai metropolitan region as a part of the first ever multi airport system in the country, this airport would act as a powerful engine for the overall growth of our country."

The four shortlisted teams 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 capacity of 10 million passengers per annum in its first phase and 60 million upon completion. 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 airport will be developed on design, build, finance, operate and transfer (DBFOT) basis.

The total project investment is estimated at Rs145 billion (US$2,28 billion)CIDCO will provide 26 per cent equity to establish the special purpose vehicle (SPV) which will carry out the project.

The government had given an initial approval to set up the airport in 2017. The new facilities are expected to be operational by 2019.

CIDCO received the four bids for the project in early 2015 after it issued the tender process in February 2014. The RFQ's deadline was extended three times.

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

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