India issues global tender for building new Mumbai airport
Published on Feb 5, 2014 10:12 PM
NEW DELHI (REUTERS) - India has asked for interest from global companies to build and operate a new airport, estimated to cost nearly S$2.5 billion initially, in the outskirts of the financial capital Mumbai to meet growing air traffic.
The airport will be built in partnership with the government, and will be expanded over four phases. Air passenger traffic via Mumbai is expected to exceed 40 million by 2017 and more than 100 million by 2030, according to a state agency study.
The government released on Wednesday the initial documents for the two-stage bidding process for the airport, which is planned to be operational by 2017.
The first two phases are estimated to cost 95 billion rupees (S$1.9 billion), while there will be a pre-development cost of 23.58 billion rupees, the City and Industrial Development Corp of Maharashtra Ltd (CIDCO), state agency said.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here