Six to seven national and international airport developers have showed interest in placing bids next month as the state and Centre have not only made financial conditions more attractive for them, but have also entered the last phase of land acquisition towards Navi Mumbai for the trans harbour link that promises to revolutionize the transport system.
"Both these projects will compliment each other in getting financially viable in the long run. For us, these projects are internally connected not only to increase the number of airport users but also to bring in development in proposed economic zones in this part of Panvel and Navi Mumbai," said a source in Cidco.
While the last date for submission of bids for the qualification round for the airport project is January 28, the plan for the last financial competition will be announced after two months.
To be built on a design, build, finance, operate and transfer basis through public-private partnership, the pre-qualification conference was attended by reputed firms, including Tata Realty, GMR, GVK, IL&FS, ESSEL Infra, Ferrovial, Zurich Airports and Vinci. According to the bid condition, the airport developer that offers the shortest period in recovering the cost and handing over the project to the government will win the contract. The bidding process has been extended thrice in the past to meet the interested parties' demands to amend the contracting terms.
The MMRDA will hold a separate bid competition for the Rs 10,000-crore trans harbour link. "In a couple of months, the 26 hectares of land towards Nhava will be in our possession," added the source.
On Sunday, the Centre approved the state's proposal to make available for an airport developer the share from the non-aeronautical revenue. Known as "shared-till" regulatory regime, it is presently implemented at Mumbai and Delhi airports. Explaining "shared till regime" Sanjay Bhatia, Cidco MD, said, "It means that the major hurdle for competitive bidding has been resolved with the extension of the clause. The share from the profitability of parking, shops, outlets and other sources of revenue would be made available to the developer in the long run."
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