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Construction : Finance Update | May 2016 | Source : Infrastructure Today

Financial bids invited for Navi Mumbai airport

The City and Industrial Development Corporation (CIDCO) has invited financial bids for the proposed Navi Mumbai airport. ¨The Requests for Proposal (RFPs) were sent out to the three shortlisted bidders in the last week of April. As of now, they have to respond by the first week of September. We may extend that by a month,¨ a person familiar with the matter said. He added, ¨In any case, we firmly hope the project will be awarded by the end of October, at the latest.¨ Three companies - GMR Infrastructure, Mumbai International Airport (MIAL) and Mia Infrastructure - are currently in the fray. An alliance of Hiranandani Group and Zurich Airports were among the short-listed bidders but were disqualified. The company, or alliance, which proposes the highest revenue share with CIDCO will win the mandate to develop and operate it.
 
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