• Financial bids invited for proposed Navi Mumbai airport

    City and Industrial Development Corporation (Cidco) has invited financial bids for the proposed Navi Mumbai airport, the financial stage before the much-delayed project is awarded, a person familiar with the matter said.

    “The Request for Proposals (RFPs) were sent out to the three shortlisted bidders on Friday. As of now, they have to respond by the first week of September but we may extend that by a month,” the person said, adding “in any case, we firmly hope the project will be awarded latest by end of October.”

    Three companies — GMR Infrastructure, Mumbai International Airport (MIAL) and Mia Infrastructure — are currently in the fray for the project. An alliance of Hiranandani Group and Zurich Airports had been among the shortlisted bidders, but was subsequently disqualified. The company, or alliance, which proposes the highest revenue share with City & Industrial Development Corporation (Cidco), the state-run nodal body for the project, will win the mandate to develop and operate it.

    MIAL is a subsidiary of GVK and currently runs the Mumbai International Airport, while Mia Infrastructure is a joint venture between Tata Realty & Infrastructure (TRIL) and French company Vinci Concessions.

    Cidco on April 11 received the approval for issuing RFPs for the project monitoring and implementation committee — an agency formed by the civil aviation ministry for faster implementation of projects — and the state government cabinet. Cidco holds 26% of the special purpose vehicle, and had commenced the first stage of the two-stage bidding process by issuing RFQ on February 5 last year.

    The Rs 14,573-crore project is seen as a crucial alternative to the congested airport in the city. The government had initially approved setting up the airport in 2007, but ran into several environmental and land acquisition problems. The airport will span an area of 2,867 acres with a terminal building of 5,23,000 square meters and two runways. DeAndre Washington Authentic Jersey

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