Get ready for the new Navi Mumbai International Airport: GVK wins bid for Rs 16,500 crore

GVK-led Mumbai International Airport Limited (MIAL) has won the bid for the proposed Navi Mumbai International Airport (NMIA) on Monday. The company proposed 12.60% revenue share in the project and bid for Rs 16,500 crore thus winning against its contender GMR Group which offered a 10.44% revenue share. 

February 13 was the last day for the bid submission after three extensions. 

“After the bid was opened, we found that GMR Delhi had offered 10.44 percentage of revenue share while MIAL (GVK) had offered 12.60 percentage of revenue share,” said Mohan Ninawe, senior public relation officer of CIDCO. 

Ninawe added that the evaluation committee will prepare a report on qualified bids which will be sent to Project Monitering and Implementation Committee (PMIC) and then to State Cabinet for its approval. The State Cabinet will take final decision about selection of the bidder. However, NInawe added that company offering more revenue share is likely to come out as winner in the bidding.

In the Request for Quotation four companies namely--(RFQ) Stage, GMR Delhi, GVK led MIAL, Tata Realty-MIA Infrastructure and Zurich Airport-Hiranandani Group-- qualified for participating in the financial bidding process of the new airport. Out of these companies,GMR Delhi and MIAL (GVK) had submitted their financial bids on Monday.