Four firms bid for Navi Mumbai airport PPP
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
Maharashtra's City and Industrial Development Corporation (CIDCO) has received four bids for the Navi Mumbai International Airport public private partnership (PPP) project.
The four teams that have bid for the project are the following:
- GMR Delhi
- The GVK-led Mumbai International Airport Ltd
- Zurich Airport with Hiranandani Developers
- MIA Infrastructure: Vinci airports with Tata Realty
Mumbai International Airport Limited (MIAL), the GVK-led operator of Chhatrapati Shivaji Airport, will have first refusal on the contract. MIAL will qualify automatically for bidding, subject to satisfactory performance at the existing airport, and will have the opportunity to match any opposing bid if its financial proposal is not more than 10% lower than the highest offer.
The Navi Mumbai airport project will be developed on 1,160 hectares. It is expected to have a yearly capacity of 60 million passengers. The new airport is intended to relieve capacity pressure on the Mumbai Metropolitan Region, where air traffic demand is projected to exceed 40 million annual passengers by 2017 and 100 million passengers by 2030.
The total project investment is estimated at Rs145 billion (US$2,34 million) by the second stage, at which point capacity will reach 25 million passengers.
The government had given an initial approval to set up the airport in 2007. It was scheduled to be completed by 2015 but is now aimed to be operational by December 2018.
CIDCO issued the tender process in February and had fixed June 18 as the date of submission of RFQs. The deadline was extended three times, first to July 30, second to 2 September 2014 and third to 30 October 2014.
We have recently reported about several transport PPP project in India:
Country news
-
-
February 12, 2015
India clears viability grant for Vizhinjam port project
The Vizhinjam International Deepwater Seaport (VISL) container terminal PPP project in India has finally got viability gap funding (VGF) from the government of India. Read more -
February 13, 2015
Coimbatore to tender water PPP project
The Coimbatore Corporation, the civic body that governs the city of Coimbatore in Tamil Nadu (India), has announced plans to launch the tender process for the 24X7 drinking water supply PPP project. Read more -
February 16, 2015
India looks to privatize operations of four airports
The Government of India has announced plans to privatize the operations of four airports at Jaipur, Ahmedabad, Kolkata and Chennai. Read more -
February 17, 2015
Uttarakhand launches tender for health centers through PPP
The Government of Uttarakhand, India, has launched a tender process for the development of integrated healthcare facilities through PPP in the districts of Almora & Bageshwar and Terih. Read more -
February 18, 2015
GMR's road PPP project in India to be terminated
GMR Infrastructure's contract to develop the six laning of 555 Km Kishangarh - Udaipur -Ahmedabad highway PPP project in India could be terminated soon. Read more
