GVK-led Mumbai International Airport (MIAL) has won the bid for the Navi Mumbai international airport, edging out rival GMR Group. GVK, which runs the Mumbai and Bengaluru airports, offered 12.6% in revenue share to the project implementing authority, the City and Industrial Development Corporation (Cidco) of Maharashtra.
The contract would be awarded to the company offering the highest revenue share to Cidco, and GMR’s offer of 10.44% revenue share was lower by over two percentage points.
The long-delayed project had attracted only one bidder, MIAL, on two earlier occasions and Cidco was forced to make changes in project conditions.
Monday was the last day for submission of bids to Cidco after the two extensions, where the two companies were the only bidders.
Read more: Business Standard
