Govt extends Navi Mumbai airport bids by 15 days

Three bidders had decided not to participate citing project challenges and onerous bid conditions

The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder – GVK group. GVK will also have an opportunity to revise its offer if it so wishes.

The financial bids for the much-delayed Rs 16,000-crore project were to be submitted by 3 pm on Monday. Three qualified bidders -- GMR group, Tata Realty and Hiranandani Group-Zurich Airport consortium -- indicated they would not participate in the bids. They cited project challenges and onerous bid conditions for their decision.

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