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Why Navi Mumbai airport bid has a lower revenue share component

Higher project risks and absence of commercial development opportunity could be the reason

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Aneesh Phadnis Mumbai
Over a decade ago GMR -ed consortium agreed to share 45.99 per cent of revenue with Airport Authority of India for developing Delhi airport. GVK group offered  38.7 per cent for Mumbai airport development. Both were winning bids.
 
A few months ago, GMR  won the bid to build Goa's second airport, quoting 36.99 percent revenue share. But for the Navi Mumbai airport, the two companies offered only 10-12 per cent share of revenue to City and Industrial Development Organisation. Eventually, the GVK group won the Navi Mumbai bid, offering 12.6 per cent which was two per cent points