The GVK led Mumbai International Airport (P) Ltd., (MIAL) was handed over the Letter of Award (LOA) today from CIDCO, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport.
In February 2017, MIAL was declared the winning bidder for the greenfield airport that will be built on 1,160 hectares in a Public-Private Partnership (PPP) mode with CIDCO. MIAL will hold a 74 per cent stake while the remaining 26 per cent will be with CIDCO.
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