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CIDCO floats tender for Navi Mumbai Airport

 The City and Industrial Development (CIDCO) has floated a global tender for construction of the Navi Mumbai International Airport. The Hyderabad-based GVK has announced that it will participate in the bidding and holds the first right of refusal in the project by virtue of its subsidiary Mumbai International Airport while a lot of other national and international firms are expected to participate in the process. These include Reliance Infra, L&T and Singapore-based Changi.

The airport covers an area of 1,160 hectare and will have a capacity to handle sixcrore passengers a year. The cost of airport construction in the first two phases has been pegged at `9,500 crore. The qualification process ends on August 5, 2014.

On completion of the first phase, the airport will have a capacity to handle about one crore passengers. The bidding process is slated to be a two-staged process, which will be taken up through public-private partnership on design, build, finance, operate and transfer (DBFOT) basis.

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