Navi Mumbai airport bid hinges on developers' security clearance

Q: It is expected that the Home Ministry is supposed to give clearance to 4 shortlisted bidders.

Suresh,

13th January 2016

Real estate News in Navi Mumbai

navi mumbai airport

civil aviation ministry

gmr group

cidco

aai

bids for navi mumbai airport

hiranandani developers

tata realty

mia infrastructure

Follow Discussion

Also see discussions for

Navi Mumbai Real estate News Real estate News in Navi Mumbai

Replies (2)

Yes, the civil aviation ministry gave its approval for the bid document on December 30. As per the initial plan the airport will be developed as a joint venture between Cidco and the private developer.

Amreesh Murugan,

13th January 2016

Comment

@Amreesh,
The Airports Authority of India will have an option to hold 5% in the project. Tariffs at the Navi Mumbai airport will calculated on a ''shared till'' basis and 30% of non-aeronautical revenue will be used to cross subsidise aeronautical charges during tariff determination.

V. Victor,

13th January 2016

And because of that the waits for bids for the Navi Mumbai airport will be longer. While the civil aviation ministry has given its approval for issue of bids, the process is stopeed for want of security clearance of the 4 short-listed bidders from the home ministry.

Amreesh Murugan,

13th January 2016

Comment

Right Amreesh,
GMR group, GVK-led Mumbai International Airport Limited, Hiranandani Developers along with Zurich Airport and Tata Realty with MIA Infrastructure have been short-listed for the project. But as per the CIDCO, no time frame for receipt of the security approval.

ajit pandey,

13th January 2016