After much delay, the initial bids for development of the Navi Mumbai international airport are likely to be opened early next month, with leading players, including GMR and GVK expected to be in the fray.
The Navi Mumbai airport, which is expected to help in easing congestion at the existing Chhatrapati Shivaji International Airport in Mumbai, is to be developed through a public private partnership.
City and Industrial Development Corporation of Maharashtra Ltd. proposed the development of the airport.
Sources said the bids received following the issuance of RFQ (Request For Qualification) are likely to be opened in the second week of January 2017.
A clutch of entities, including GMR, GVK and Hiranandani groups as well as Tata, are believed to have put in bids for the project, sources added.
In February this year, CIDCO invited RFQ and the deadline for submissions was extended quite a few times, first to July 30, then September 2 and then October 31. Finally, after another extension, the deadline ended on December 10.
The project requires around 2,268 hectares of which 1,160 hectares will be utilised for aeronautical purposes.
It is to be developed through a public private partnership by way of setting up a Special Purpose Vehicle. In the SPV, CIDCO & its nominees would have 26 per cent stake.
The total project cost of the Navi Mumbai International Airport project, including cost of the pre-development works is estimated at Rs 14,574 crore (at financial year 2012-13 prices).
"The cost of pre-development works is estimated at Rs 2,358 crore (comprising of part airport site development and shifting of extra high voltage transmission lines)," as per the CIDCO website.
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