{"id":1197,"date":"2017-02-15T12:58:38","date_gmt":"2017-02-15T07:28:38","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1197"},"modified":"2017-02-15T12:58:38","modified_gmt":"2017-02-15T07:28:38","slug":"gvk-pips-gmr-to-win-navi-mumbai-airport-bid","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/gvk-pips-gmr-to-win-navi-mumbai-airport-bid\/","title":{"rendered":"GVK pips GMR to win Navi Mumbai airport bid"},"content":{"rendered":"<div>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.<\/div>\n<div>The contract would be awarded to the company offering the highest revenue share to Cidco, and GMR\u2019s offer of 10.44% revenue share was lower by over two percentage points.<\/div>\n<p>The long-delayed project had attracted only one bidder, MIAL, on two earlier occasions and Cidco was forced to make changes in project conditions.<\/p>\n<div id=\"div-gpt-ad-1485163331364-0\" data-google-query-id=\"CLu-td6_kdICFRCFaAodVAsHyg\">\n<div id=\"google_ads_iframe_\/6516239\/outofpage_1x1_desktop_0__container__\">Monday was the last day for submission of bids to Cidco after the two extensions, where the two companies were the only bidders.<\/div>\n<\/div>\n<div><\/div>\n<div>Read more:\u00a0<a href=\"http:\/\/www.business-standard.com\/article\/companies\/gvk-wins-navi-mumbai-airport-bid-edges-out-gmr-group-117021300613_1.html\" target=\"_blank\">Business Standard<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/gvk-pips-gmr-to-win-navi-mumbai-airport-bid\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[168],"class_list":["post-1197","post","type-post","status-publish","format-standard","hentry","category-city","category-mumbai","tag-gvk"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1197"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1197\/revisions"}],"predecessor-version":[{"id":1198,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1197\/revisions\/1198"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}