Top News

|  Businessman to sell 12% stake in CIAL  |    |  Shreyas Shipping & Logistics signs MoA to acquire one Multipurpose vessel  |    |  Bahri gets delivery of 39th VLCC, strengthens its leading position  |    |  Haicang Port sees 1H cargo rise 20.7% to 3.12 million TEU  |    |  Hong Kong airport first half cargo up 11.3% to 2.3 mt  |    |  Amsterdam Schiphol air cargo volume increases 9.8% in June  |    |  Cosco ports throughput jumps 14% in June to 7.4 million TEU  |    |  CSL proposes to issue IPO to finance infrastructure project  |    |  Jet Airways asks junior pilots to take 30% pay cut  |    |  Cambodian air cargo volumes increase 34% in first half of 2017  |    |  Domestic airlines fly 20% more passengers in June  |    |  Private Greenfield airport at Karaikal to be ready by next June  |    |  Kakinada Container Terminal achieves record throughput on vessel  |    |  DHL Express expands presence in key industrial hub of Bhiwadi  |    |  Cathay Pacific & Cathay Dragon carry more cargo in June  |    |  Essar Bulk Terminal eyes 50% rise in cargo handling in fiscal 2018  |    |  Jet Airways to start more domestic flights for monsoon  |    |  SpiceJet to connect Hyderabad-Puducherry under UDAN routes  |    |  Govt. approved allocating 2.5% of Road fund for NW  |    |  Kandla Port awards channel maintenance dredging contract  |   
You are here: Home » National News » Aviation» GVK wins bid to develop second Mumbai airport

GVK wins bid to develop second Mumbai airport

14 February 2017 | Mumbai
 

transreproter

Mumbai International Airport Limited (MIAL), the GVK-owned consortium running the Mumbai airport has won the bid for the much-delayed, discussed and debated INR 16,000 crore airport project coming up in Navi Mumbai.

Rival GMR Infrastructure was the only other bidder in the final round.

The project is seen as a crucial alternate to the congested airport in the city.

The government had initially approved setting up the airport in 2007, but it ran into several environmental and land acquisition problems till the last stages of the final bid. Each stage has been delayed for months, pending clarity and clearances.

Weeks before the final bid, three of four shortlisted bidders had written to the City and Industrial Development Corporation (CIDCO), the nodal body for the project, saying they want to opt out citing long-unresolved issues such an incomplete resettlement of families in that area and zero pre-development work as well as various issues with the bid document.

Sources in the know said CIDCO has resolved some of the issues.

The airport will span an area of 2,867 acres with a terminal building of 5,23,000 square meters and two runways.

   
Transreproter Logo