By RAHUL WADKE www.thehindubusinessline.com
GMR Airports, Mumbai International Airport Ltd (MIAL), Hiranandani Developers along with Zurich Airport Developers, and MIA Infrastructure Pvt Ltd along with Tata Realty have been short listed by The City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for constructing the Navi Mumbai airport.
These four developers will submit their financial bids by August and CIDCO will select the final bidder by October. The first phase of the airport is expected to be completed by 2019 for 10 million passenger capacity.
MIAL, a joint venture of GVK Group, is already running the Mumbai airport. It has first right of refusal over the Navi Mumbai project. If another developer outbids MIAL and if the bid is within 10 per cent of the MIAL’s bid then MIAL can match the bid and become the airport developer. More info