CIDCO Awards Projects Worth Rs 1098 Cr for Navi Mumbai Airport

airline-flight-airport-625-300_625x300_51465919612Finally, Rs 16000 crore Navi Mumbai International Airport (NMIA) project is set to take off after the monsoon as the nodal agency City and Industrial Development Corporation (Cidco) started awarding the projects for developing airport land before final construction of airport beings.

Cidco has awarded projects worth Rs 1,097 crore to two companies Supreme Infrastructure and Gayatri Projects for developing the land for the project.

Supreme Infrastructure has informed BSE in a regulatory filing on Monday that the company has won two land development projects for Navi Mumbai International Airport worth Rs. 397.68 crore.

Company has been declared L1 in the two EPC (engineering, construction and procurement) projects of CIDCO worth Rs. 397.68 crore, Package-I and Package-II both involve land development projects of the airport for Rs 203.53 crore and Rs 194.15 crore respectively, said the Supreme Infrastructure.

Another company Gayatri Projects also announced that it has bagged package-III of the land development for Navi Mumbai airport for Rs 700 crore.

“Company has made inroads into the construction of airports by bagging a Rs.700 Crore contract as part of the larger Navi Mumbai International Airport from City and Industrial Development Corporation of Maharashtra (CIDCO),” informed Gayatri Projects to BSE on Monday.

Cidco’s joint MD V Radha had said in May this year that Cidco would award contracts for work such as levelling of marshy land, cutting of hills, shifting of power lines and diversion of a river, which need to be completed prior to the development work kick-off, which would start after the monsoon. These companies who have awarded land development projects by Cidco is expected to start their work by September.

Cidco has been trying to complete all the major work before appointing airport developers and is in advance stage of tendering process and developer would likely to be appointed by February 2017. As per the latest schedule, first flight would take off from Navi Mumbai international airport by 2019, said V Radha.

This Rs 16000 crore airport will span in the area of 2,867 acres with two runways and a terminal building in 5,23,000 Sq.mt.

The project is being developed on PPP (public-private partnership) basis and Cidco had invited tenders for requests for qualification (RFQ) and had received 9 bids for the same and currently three companies are in the fray for the project are GMR Infrastructure, Mia Infrastructure and MUMBAI International Airport (MIAL)-GVK’s subsidiary. The request for proposals (RFPs) had already sent to these three selected bidders in April and they are expected to respond by September.

During the process of land development for Navi Mumbai airport project, developers will require various types of heavy construction equipment like excavator, roller, backhoe loader, tippers, compactor and other CE which is to be used for land development and other construction work before final airport work start and even during the construction of Navi Mumbai International Airport, huge number of construction equipment will be required by a developer who would win the final bid.

Along with Navi Mumbai airport, government has approved to set up 14 Greenfield airports across the country, it indicates such infrastructure projects will drive the CE market in the country.

Source: Information has been obtained from Supreme Infrastructure, Gayatri Projects, BSE, HT and ET

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