CIDCO ready to award Rs. 16,000cr airport project

    CIDCO Airport Project
    Countering countless hiccups, the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO), which is a nodal agency for the project development, is all set to award the much delayed Navi Mumbai airport project as it has managed to secure all the mandatory clearances.

    The mega airport project entailing an investment worth Rs. 16,000-cr is expected to be commissioned by the end of 2019. In a latest development, the Union ministry of environment and forests (MoEF) gave the crucial Stage-II forest and wildlife clearance, said official sources, adding that MoEF granted the environment clearance for the project with 32 riders including plantation of mangroves on 615 hectares, rehabilitation of 3,000 families of 10 settlements from seven villages that fall within the airport zone. The three short-listed bidders — GVK, GMR, and a group of Tata Realty and MIA Infra, are expected to give request for proposal for the airport project by September-end and the CIDCO expects to award the contract by December, they added.
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