GMR wins bid to develop airport at Mopa


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Panaji: GMR Airport Limited won the bid to build the international greenfield airport at Mopa, which is estimated to cost over 4,500 crore.

The bidder was selected based on the revenue sharing model. The company, which is already operating airports at Delhi, Hyderabad and and an airport in Philippines, beat two others by offering the highest revenue share of 36.99% to the state government. AAI offered 32.31% and Essel Infra Project Limited offered 27%.
Out of the five, only three bidders had participated in the request for proposal (RFP) including GMR Airport Limited, Essel Infra Project Limited and Airports Authority of India. Voluptas Developers, which belongs to the Hiranandani Group, and GVK did not participated in the RFP.

Chief secretary R K Srivastava said that the state government, with the help of consultant KPMG, answered over 1,000 queries before they participated in the RFP.

The online bid was opened by Srivastava. "It is an historic day as the Goa government's dream Mopa airport project will finally see light of day," he said.

The airport, which will cover a total area of 81,29,455 sq m, will be constructed on design, build, finance, operate and transfer (DBFOT) basis.

Initially, the state government will issue letter of award, following the signing of concession agreement with the successful bidder. The concession of the airport will be 40 years, extended for another 20 years. Fresh bids will be called to operate the airport after 40 years with existing bidder being given priority.

The airport will be completed in four phases, with the work on the first phase likely to commence in January 2017 and expected to be completed by 2020. The company has to complete the first phase within three years from the commencement of the work.

During the first phase, the airport will handle 4.4 million passenger traffic per annum. At present the Goa international airport at Dabolim handles 5.5 million passenger per annum.

Work on the second phase will commence once 80% of passenger traffic is handled by the airport. Similarly, work on the third and fourth phase will commence.
Source - Business-standard

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