By Accommodation Times Bureau
After announcing the bidding process for the development of proposed Navi Mumbai International
Airport (NMIA) on 5 th February 2014, the final date for submission of financial bids was decided as
13 th January, 2017 after giving extension for two times. Accordingly, Financial Bids for NMIA Project
were opened today at 3.30 p.m. Two companies, GMR ; MIAL (GVK) have submitted their financial
bids for this prestigious NMIA Project.
In the RFQ Stage, GMR, MIAL (GVK), Tata Realty-MIA Infrastructure and Zurich Airport-Hiranandani
Group, these four companies were Qualified for participating in the financial bidding process of
Navi Mumbai International Airport. Out of which two companies i.e. GMR ; MIAL (GVK) had
submitted their financial bids today.
After opening the financial bids, information about the revenue share offered by both the
companies was declared. M/s. GMR Company had offered 10.44 percentage of revenue share while
M/s. MIAL (GVK) had offered 12.60 percentage of revenue share.
Evaluation Committee will prepare a report on qualified bids which will be sent to PMIC and then to
State Cabinet for its approval. State Cabinet will take final decision about selection of the bidder.
Initially, 9 th January, 2017 was decided as the last date for submission of financial bids for the
companies GMR, MIAL (GVK), Tata Realty-MIA Infrastructure and Zurich Airport-Hiranandani Group
who qualified RFQ Stage of the bidding process. MIAL (GVK) had submitted their financial bids on 9 th
January, 2017. But subsequently, two extensions i.e. 25 th January, 2017 & 13 th February, 2017 were
given for submission of financial bids.
Mr. Bhushan Gagrani, VC ;MD, Mrs. Prajkta Lavangare Verma, Joint Managing Director, Mr. Soma
Vijaykumar, CGM (TA), Mr. Y. B. Patil, Chief Financial Consultant, representatives of participating
firms and other consultants were present during this bidding process.