A consortium that currently operates the existing airport in Mumbai, has won the bid to build another one in the distant suburbs of Navi Mumbai Airport project marking a milestone in the much-delayed Rs. 16,000-cr project. The mega aviation venture has been aimed at decongesting the skies in the country's commercial capital. In a competitive race, Mumbai International Airport Ltd. (MIAL) outran GMR Infrastructure, offering a higher revenue share to the provincial government-owned city-builder, the City and Industrial Development Corporation (CIDCO). GMR offered a 10.44% share of revenue to CIDCO, while the GVK-led MIAL offered 12.60%, CIDCO released in a press statement. A report on qualified bids will be sent to the Project Monitoring and Implementation Committee, Ministry of Civil Aviation and then to state cabinet for its approval. Thereafter, the winning bidder will be given 180 days for achieving financial closure of the project, said chairman, CIDCO, Bhushan Gagrani.
📅Published on:
15 February 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
