NaMu Airport snippets

Bidding for the Rs.16,000-crore Navi Mumbai international airport project has entered the final phase with a high-level project monitoring and implementation committee, headed by the chief secretary, giving the nod to three companies to place financial bids or requests for proposals within five months.
These companies had earlier got the nod from the Cidco expert committee and also the security clearance from the Union ministry of civil aviation, which was the final hurdle. Now, they are awaiting the final nod from the Cabinet which sources said, is “just a formality“.
The three companies in the race for financial bids are GVK led Mumbai International Airport Ltd, GMR Delhi and consortium of MIA Infrastructure of France with Tata Realty and Infrastructure.
A consortium of Zurich airport and Hiranandani Developers had to pull out of the race as the Centre did not give it the mandatory security clearance. MIAL has the right of first refusal, which means that it can bag the project if it is the highest financial bidder or even if it is the second highest and meets 10% of the top bidder as it will be able to avail an opportunity to match the bid of the topmost bidder.

No comments: