PMIC qualifies bidders for Navi Mumbai International Airport

All four bidders were qualified by the project monitoring and implementation committee (PMIC) in the development of ambitious Navi Mumbai International Airport. These include GMR Airports, Mumbai International Airport (MIAL), Zurich Airport & Voluptas Developers (Hiranadani group) and MIA Infrastructure, a consortium of VINCI Airports International SA and Tata Realty. The airport is proposed to be developed through PPP by setting-up a SPV with 26 per cent equity contribution from CIDCO. The airport is poised to commence commercial operations in the year 2019 and is designed to serve 10 mn passengers per annum in its first phase and 60 mn upon completion.