GVK Group wins bid for construction of Navi Mumbai International Airport

navimumbaiBy Kunal Gandhi

Accommodation Times Bureau

The Greenfield Navi Mumbai international airport project has

moved a step closer to construction, a decade after it was

successfully declared clear, with the GVK Group bagging the

financial bid to construct and operate the facility. The GVK Group

that runs the MIAL (Mumbai International Airport), piped rival

GMR Group on February 13, 2017, to bag the contract for the

proposed international airport in Navi Mumbai, which will ease the

severe congestion at the Chhatrapati Shivaji International Airport.

The new airport was proposed in 1997 and received the

government’s acceptance in 2007. The project got delayed due

land acquisition issues and securing of necessary government

permissions, including environmental clearance.

The implementing authority of the project, the City and Industrial

Development Corporation (CIDCO), said that GVK, which anyway

had the first right of refusal as it runs the present city airport,

bagged the financial bid by offering 12.60 percentage points

revenue share, while GMR, which runs the Delhi airport offered

only 10.44 percentage points revenue.

At the Request for Quotation (RFQ) stage, GVK, GMR, Tata

Realty-MIA Infrastructure and Zurich Airport-Hiranandani Group,

were qualified for making financial bids. Except for GVK and

GMR, others withdrew from the bid.

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