CIDCO floats bids for Rs. 14,570cr project

    CIDCO Airport Project
    In order to build a world class international airport at Navi Mumbai, City and Industrial Development Corporation (CIDCO) has recently invited financial bids for the proposed airport, said official sources, elaborating that the Request for Proposals (RFPs) were sent out to the three shortlisted bidders recently. They have to respond by the first week of September but are likely to be extended by a month. Three companies - GMR Infrastructure, Mumbai International Airport (MIAL), and Mia Infrastructure - are currently in the fray for the project. The company, or alliance, which proposes the highest revenue share with City & Industrial Development Corporation (CIDCO), the state-run nodal body for the project, will win the mandate to develop and operate it. It may be recalled that MIAL is a subsidiary of GVK and currently runs the Mumbai International Airport, while Mia Infrastructure is a joint venture between Tata Realty & Infrastructure (TRIL) and French company Vinci Concessions to execute the mega airport project, they added.
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