The project management implementation committee approved the other three for making the financial bid/request for proposal (RFP) that were also cleared by the CIDCO expert committee and that the final nod will be given by the Cabinet very shortly. The three companies in the race for financial bid include Mumbai international airport limited (MIAL) that has developed the airport in the city, GMR airport Delhi and consortium of MIA infrastructure with Tata Realty and infrastructure. MIAL has the right of refusal, which mean that it can walk away with the project if it is the highest financial bidder or even if the second highest, but meets 10% of the top bidder then it will avail the opportunity to match the bid of the topmost bidder.
