Four firms bid for Navi Mumbai airport

Jan 29 2015 : The Times of India (Mumbai)

Four companies have bid for constructing Navi Mumbai international airport, said Cidco officials.

A developer (who bags the contract) is likely to start work by October, said sources. The development is seen a shot in the arm for the key infrastructure project, which has been in limbo for the last seven years.

The four companies and consortia, which are going to compete in the qualification round, include GMR Delhi, GVK-led Mumbai International Airport Ltd, Zurich Airport with Hiranandani Developers and MIA Infrastructure of France along with Tata Realty .

“In this round, the companies that are hoping to win the contract will be shortlisted for the final bid competition. The company , which will offer the highest revenue share to government in the project, will bag the deal,“ a source said.

“Companies with a minimum net worth of Rs 2,375 crore and having the experience of developing projects amounting to Rs 9,500 crore will be eligible to bid for the international airport project, which is expected to be operational in phases from 201819,“ the source added.
Mumbai Property Search
Live Project Updates