´Shared Till´ approved for Navi Mumbai airport

The ministry of civil aviation has approved the regulatory regime of ´Shared Till´ for the upcoming Rs 15,000-crore Navi Mumbai International Airport (NMIA). Under the ´Shared Till´ approach, the operator retains a percentage of non-aeronautical revenues generated from commercial activities like shops, concessions in terminal building, renting out parking lot, which enhances long-term project viability with attractive private participation through the PPP mode. The bidding process will continue and the next date for tenders is fixed at January 28, 2015.