Privatization of Delhi & Mumbai Airports - A Bumpy Take Off |
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ExcerptsMumbai and Delhi Airports
Call for Airport DevelopmentThe economic liberalization of 1991 was meant to liberalize the economy from the stronghold of the GoI and to encourage private investment. The GoI also wanted to create a tourism industry which would not only earn valuable foreign exchange but would also create numerous jobs. It was at this time that the need for world class airports at Mumbai and Delhi was felt by the GoI...
The Bidding ProcessThe bidding process for the privatization of Mumbai and Delhi airports began in July 2004 when the GoI invited interested parties to participate in the three stage bid process. The three stages were - Request for Quotation (RFQ), submission of technical and submission of financial bids with elimination at each stage. The last date for submission of technical and financial bids was September 14, 2005. The bids were to be technically evaluated first. Only the financial bids of the consortia which crossed the cut off per cent in the technical evaluation were to be opened. The two consortia that offered higher revenue share to the GoI were to be awarded the Delhi and Mumbai airport modernization contracts... |
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