Navi Mumbai International Airport receives green signal from MoCA

By Accommodation Times News Services

navi-mumbai-airport-image2The Ministry of Civil Aviation (MoCA), paved the way for CIDCO’s flagship Navi Mumbai Airport project for moving to the crucial second stage of Bidding (RFP) by agreeing to the Bid Document and Project Agreements. At the meeting on 30th December 2015, MoCA reviewed the Draft Bid Stage Documents for NMIA comprising of the Request for Proposal (RFP) and the Concession Agreement (CA) and accorded green signal to commence the RFP stage of the international competitive bidding process, to select a JV partner for the development of the Greenfield airport at Navi Mumbai.

At the meeting chaired by the Hon’ble Minister for Civil Aviation a detailed presentation on all the documents of the RFP stage of the bidding process was presented. The presentation covered the details of various clauses in all  Project agreements covering  Request for Proposal (RFP), Concession Agreement (CA), Share holders Agreement (SHA), State Govt. Support Agreement (SGSA-GoM), State Support Agreement (SSA – GoI), CNS-ATM Agreement with AAI, Land development Agreements, etc.

Details regarding the status of land acquisition, airport connectivity, airport land development works etc were also provided by CIDCO at the meeting. It was decided that AAI would have option of taking equity share of upto 5% in the NMIA SPV and that the tariffs at NMIA will be calculated on the basis of 30% shared till. Requirement of land for Defence purposes in the airport, number of tenements required for staff housing for the providers of reserved/sovereign services at the airport such as Air Navigation Services, Customs, Immigration, Meteorology etc. were also discussed. The payments to be made by the Concessionaire for sovereign functions, the Concession fee payable to CIDCO and costs incurred on provision of staff housing for sovereign functions at the airport shall be treated as pass through while determining tariffs.

Govt. of India will support the project by way of a MoU to be entered into between Gol and the concessionaires on issues concerning the Central Government. MoCA emphasized that the timely implementation of the project of national importance was critical in light of the growth in air traffic and the ever increasing congestion at Mumbai airport both on air and landside.

Soon, the documents will be finalized incorporating observations of MOCA and will be issued to Pre-qualified Applicants so as to commence the Second Stage of Bidding. It is expected that selected Concessionaire will be in place by mid 2016 and first flight from Navi Mumbai Airport will take off by the last quarter of 2019, thus commencing Phase 1 of Airport operations.

Similar Articles

Leave a Reply