GVK, GMR can match highest bid for new Mumbai, Delhi airports.
The winners of the government’s contracts to modernise the Delhi and Mumbai airports will not be the automatic choice for modernising any new airport that may be constructed in these cities or in their vicinity in the future.
In a change inserted into the “request for proposal” document, the government has made it clear that bids will be invited for any new airport in either city and the existing contract holder will have to compete along with others.
But, if the existing contract holder’s bid is within 10 per cent of the highest bid, it will get a chance to win the contract by matching the highest bid. That, only if its performance in the execution of the current contract has been satisfactory, with no material default.
The change was inserted late last year, when the bidding for Delhi and Mumbai was on.
According to the earlier provision, existing contract holders could automatically, if they wanted, get to execute new airport projects by offering the government the same share of revenue as in the existing projects. Only if it refused, a bidding was to take place.
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