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RIL, Ispat bid for new airport
ENS ECONOMIC BUREAU
MUMBAI, July 29: Several consortia led by Reliance, Ispat, Rishi Value Marketing and Boss Technologies have bid for the Rs 2,015 crore domestic airport and international exhibition centre in Navi Mumbai. The City and Industrial Development Corporation (CIDCO) will hold 26 per cent equity and join a special purpose company in these projects. These projects and 10 others were offered to foreign investors on build-operate-transfer (BoT) basis at the "Advantage Maharashtra" conference held in February. Cidco vice chairman and managing director VS Dhumal on Tuesday told reporters that ICICI had been appointed to evaluate these pre-qualification bids. He hoped that the short listing of these bids, financial bidding for these project and actual signing of agreements will be completed by December this year. The Reliance-led consortium include three US companies, Carter & Burgess, Pacific Alliance Capital Group and IIellmuth, Obata Kassabam Ibc. Ispat's consortium members include Parsons Inc of the US and India Development Finance. Consortium members of Rishi Value Marketing include Flughafen Frankfurt Main AG, Germany, Lufthansa Consulting GmbH, Germany and Messe Munchen GmbH, Germany. Boss Technologies led consortium's member include Sir William Halcrow & Partners, UK, Taylor Woodrow Consortium, UK and Serco-Ial Systems, UK. Dhumal said the domestic airport is expected to absorb 4.10 million passengers in its first operational year, 2002, doubling to 8.2 million in 2009 and to 13.40 million by 2019. He added that the international exhibition centre will have 70,000 sq metres of fully air conditioned display area and a full range of allied facilites including open exhibition grounds and conference halls. Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.
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