Support: +91-22-61011756 / help@projectstoday.com

Three companies pull out of financial bids of Navi Mumbai airport

Wednesday, 04 Jan 2017
Share this on :

Three shortlisted companies, namely, GMR Infrastructure, Tata Realty & Infrastructure, and the Hiranandani Group have opted out of the financial bids for constructing Navi Mumbai airport.

At present GVK Power & Infrastructure-led Mumbai International Airport is the only qualified bidder for the project.

The estimated cost of the project is Rs 16,000 crore. The companies opted out of the project citing various issues such as stipulated time of 42 months to complete the project not being enough, incomplete resettlement of families from the area, issues related to the bid document.

GMR noted that pre-development work had not yet started, and half of the contracts for the pre-development work had not yet been awarded.

The cost of the project has highly escalated in the past several years. In addition, the project has not yet received Stage-II clearance from the environment ministry.

 


Related Projects:
International Airport (Navi Mumbai) Project

City & Industrial Devp. Corpn. of Maharashtra Ltd.
Related Projects
164
Related Tenders
992
Airways (Aviation Infrastructure)
Related Projects
310
Related Tenders
3147
 
Post Your Comments
 
 
   
 

 

 
  
Projects Explorer App

Data Explorer - Facade Search - ProjectsToday

Free Trial Access

REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

Username:

Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services