Home Transport Infrastructure News Airport News Initial bids for development of Navi Mumbai airport likely to be opened...

    Initial bids for development of Navi Mumbai airport likely to be opened in January

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    Navi Mumbai airport
    Image caption: International airport development in Navi Mumbai Image source: Apartments in Navi Mumbai Apartments in Navi Mumbai

    The initial bids for development of the Navi Mumbai international airport is likely to be opened early next month.   The Navi Mumbai airport, which would help in easing the congestion at the existing international aerodrome at Mumbai. The total project cost of the Navi Mumbai International Airport project, including cost of the pre-development works is estimated at Rs14,574 crore (FY 13 prices).  The cost of pre-development works is estimated at Rs2,358 crore (comprising of part airport site development and shifting of extra high voltage transmission lines).  The project requires around 2,268 hectares out of which 1,160 hectares would be utilized for aeronautical purposes. City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) proposed the development of the airport.  It is to be developed through public private partnership by way of setting up a special purpose vehicle (SPV). In the SPV, CIDCO & its nominees would have 26% stake.   The bids received following the issuance of RFQ (request for qualification) are likely to be opened in the second week of January next year.  Leading players, including GMR, GVK and Hiranandani groups as well as Tatas, are believed to have put in their bids for the project.

    Source: livemint.com

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