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    M’rashtra clears Rs. 16,000-cr airport project

    Navi Mumbai International Airport
    After much dilly dallying, the state cabinet in Maharashtra has recently given its approval to the City Industrial Development Corporation to issue a Request for Proposal (RFP) for the proposed Navi Mumbai International airport entailing a staggering investment worth Rs. 16,000cr. A RFP, which is in fact a solicitation, made through a bidding process by an agency or company seeking to procure a commodity, service to potential suppliers to submit business proposals for project and is being implemented through Public-Private Participation and CIDCO has a 26% stake in it. CIDCO already has 80% of the land in its possession and nearly 95% of the land has been acquired through consent award, said, official sources, adding that in the first phase which will handle one crore passengers will be commissioned by 2019. The consortium will be allowed to operate flights even earlier as the airport is being built in phases and that the four companies that have been short-listed include GMR Group, the GVK-led MIAL (which has the first right of refusal), Hiranandani Developers along with Zurich airport and Mia Infrastructure with Tata Realty and Infrastructure whereby the Hiranandani Developers - Zurich airport consortium failed to obtain security clearance, they added.
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