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Mumbai-Delhi airport modernisation: Six submit bids on final day

Thursday, 15 Sep 2005
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Six bidders, out of the eight pre-qualified, submitted their technical and financial bids for the restructuring of the Mumbai and Delhi airports on 14 September 2005, the final submission date.

While all the six have bid for the Mumbai airport, only five have done for the Delhi airport project.

The six consortia are:

Consortium Leader (Indian) Business Group Foreign Airport Operator Country Other Members
Starlite Infrastructure Pvt Ltd -- Aeroports de Paris France Macquarie Bank
GMR Infrastructure Ltd GMR Group Malaysia Airport SDN Bhd Malaysia GMR Energy, Fraport AG, India Development Fund
Pan India Paryatan Ltd Essel Group TAV Investment Construction & Operation Corporation Turkey Ganjam Trading Pvt Ltd, SNC-Lavalin
GVK Industries* GVK Group Airport Co of South Africa S. Africa Old Mutual Asset Managers, Bidvest Group
Reliance Airport Developers Pvt Ltd Anil Ambani Group Aeropuertos Servicos Auxillare Mexico Reliance Energy
DS Construction -- Flughafen Munchen Gmbh Germany Hira Chandani Properties, Ebony Retail Holdings
*bid for only Mumbai airport, rest have bid for both airports

The Union civil aviation ministry will soon decide on the date for opening the technical bids and start evaluation. Only those technical bids that surpass a "certain stage" will see their financial bids being opened. Technical evaluation is expected to take a month, while financial evaluation will be faster.

The government has maintained that the process of selection of the final consortium for both the airports will be done by end-December 2005.

Highlights of the Mumbai-Delhi Airport Modernisation & Privatization Programme:

  • The project will be implemented by two distinct consortia.
  • Airports Authority of India will have an equity stake of 26 per cent in each of the SPV
  • The cost of Phase I of the Mumbai airport project will be Rs.2,600 crore, while that for the Delhi airport will be Rs.2,800 crore.

Also See:

Mumbai-Delhi airport modernisation: Hochtief leaves race, six in fray (14-Sep-05)

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