Eight months after it received the highest bid from GVK for building the Navi Mumbai International Airport , the Project Management and Implementation Committee, headed by the chief secretary, approved it yesterday.
The proposal will now be forwarded to the state cabinet by October-end for final approval. With the PMIC giving its nod, the sanction from the state is said to be a mere formality.
GVK, which constructed the Mumbai airport, beat GMR Airports that had built the Delhi airport during the bidding process. The phase 1 of the Rs.16,000 crore NMIA is likely to be completed by December 2019, said CIDCO.
According to Mohan Ninawe, senior public relations officer, City and Industrial Development Corporation of Maharashtra, “The CIDCO evaluation committee sent a detailed report on qualified bids to the PMIC, which gave its approval for the bid made by the GVK. It was the highest bid received. The proposal will now be tabled before the state cabinet, which will meet on October 31, for final approval.”
He added that besides making the highest bid, GVK also offered a greater share in the project and the letter of intent is expected to be issued within a month once the state sanction is received.
The proposal will now be forwarded to the state cabinet by October-end for final approval. With the PMIC giving its nod, the sanction from the state is said to be a mere formality.
GVK, which constructed the Mumbai airport, beat GMR Airports that had built the Delhi airport during the bidding process. The phase 1 of the Rs.16,000 crore NMIA is likely to be completed by December 2019, said CIDCO.
According to Mohan Ninawe, senior public relations officer, City and Industrial Development Corporation of Maharashtra, “The CIDCO evaluation committee sent a detailed report on qualified bids to the PMIC, which gave its approval for the bid made by the GVK. It was the highest bid received. The proposal will now be tabled before the state cabinet, which will meet on October 31, for final approval.”
He added that besides making the highest bid, GVK also offered a greater share in the project and the letter of intent is expected to be issued within a month once the state sanction is received.
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