The Indian government has approved four bids for the planned Navi Mumbai International Airport.
The Economic Times reports that the country’s Aviation Ministry met with the City and Industrial Development Corporation (CIDCO) recently, where it gave “in-principle” approval for proposals from four bidders.
CIDCO invited global tenders for the long-delayed project in February 2014. It received nine applications and four were then shortlisted.
The four successful bids were from GMR Group, Hiranandani Developers, Zurich Airport and Mia Infrastructure-Tata Realty & Infrastructure. They will now have until the end of April 2016 to submit their final financial bids, with the winning applicant expected to be selected no more than three months later.
Navi Mumbai International Airport is a proposed greenfield airport, which will cover more than 2,000 hectares of land. It is expected to commence operations in 2019 with an initial capacity of 35 million passengers per year, rising to 90m by 2030.