Cidco to invite RFP for Navi Mumbai

Expects to get approval from Maharashtra cabinet during budget session beginning March 9

The City and Industrial Development Corporation of Maharashtra (Cidco) plans to invite the request for proposal (RFP) after March 20 from three qualified bidders - GVK-led Mumbai International Airport, GMR Delhi and consortium of MIA Infrastructure of France with Tata Realty and Infrastructure.

Cidco is likely to get Maharashtra Cabinet’s approval during the Budget session beginning on March 9.

Hiranandani Developers and Zurich Airport were also among qualified bidders. But, they won’t be able to file RFP as the Union ministry of home affairs (MHA) rejected their security clearance on January 22.

The project monitoring and implementation committee headed by the Maharashtra chief secretary Swadhin Kshatriya had on Thursday approved Cidco’s proposal allowing inviting RFP from three qualified bidders.

A state government official told Business Standard, “The state Cabinet will give its nod in the next 10 days. This will enable Cidco to invite RFP after March 20.”

He said the three bidders would have to submit RFP by October and thereafter Cidco would award the contract so that the construction work would begin by December.

According to the official, Cidco is currently examining the bids for pre-airport development and thereafter the financial bids of the qualified parties will be opened.

The civil aviation ministry, while giving its approval for the RFP document, had said the airport would be developed as a joint venture between Cidco and the private developer.

The Airports Authority of India will have an option to hold a five per cent stake in the project. The state government has given a target of the completion of the first phase by December 2019 with passenger-handling capacity of 10 million.