The wait for bids (request for proposal or RFP) for the Navi Mumbai airport has got longer. While the civil aviation ministry has given its approval for issue of bids, the process is held up for want of security clearance of the four short-listed bidders from the home ministry. GMR group, GVK-led Mumbai International Airport Limited, Hiranandani Developers along with Zurich Airport, and Tata Realty with MIA Infrastructure, have been short-listed for the project.
A senior executive with City and Industrial Development Corporation (Cidco), the airport’s planning authority, said issue of RFP document was subject to security clearance of the four companies. He declined to give a timeframe for receipt of the security nod. On December 30, the civil aviation ministry gave its approval for the bid document. According to the initial plan, the airport will be developed as a joint venture between Cidco and the private developer. The Airports Authority of India will have an option to hold five per cent in the project. Tariffs at the Navi Mumbai airport will be calculated on a “shared till” basis and 30 per cent of non-aeronautical revenue will be used to cross subsidise aeronautical charges during tariff determination.
“Cidco has made provisions in the concession agreement to effectively plug the revenue leakage by not allowing formation of joint venture companies,” the executive added.
