You are here: Home » Economy & Policy » News
Business Standard

Cidco to invite RFP for Navi Mumbai

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

Navi Mumbai Airport,cidco,gvk

Sanjay Jog  |  Mumbai 

Navi Mumbai international airport

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.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, March 05 2016. 00:35 IST