The initial bids for development of the Navi Mumbai international airport are likely to be opened early next month, with leading players, including GMR and GVK expected to be in the fray.
CIDCO, the nodal body overseeing the planned Navi Mumbai airport project, plans to extend the time for companies to respond to the request for qualifications (RFQs) for the project by more than a month. The date has been extended to 30 July from 18 June.
The ambitious Navi Mumbai International Airport worth Rs 14,500 crore, to be developed on a 1,160 hectare plot, will be built in four phases. Elaborating on the plans, Sanjay Bhatia, Vice Chairman and MD, City and Industrial Development Corporation (CIDCO)
Allowing FDI up to 100 per cent under the automatic route for port development projects and income tax incentives are among the steps being taken by the government for capacity expansion of ports, the government has said. Other measures include standardising the bidding documents like RFQ, RFP and Concession Agreement, enhanced delegation of financial powers to Shipping Ministry to accord investment approval for PPP projects, streamlining of security clearance procedures etc.