GVK-led Mumbai International Airport Ltd (MIAL) is expected to be awarded a contract to construct, develop and operate the long-delayed green field airport in Mumbai, India.
The company has won the bid to construct the Rs160bn ($2.38bn) airport, named the Navi Mumbai International Airport (NMIA), over its only competitor, GMR Group.
The parameter in the bidding process, led by City and Industrial Development Corporation (CIDCO), was a percentage share of gross revenue offered to the government.
GVK secured the deal by offering a 12.60% revenue share, beating GMR’s bid of 10.44%.
A formal agreement will be signed after approval has been received from the Maharashtra cabinet.
The airport will become operational in 2019, with a passenger handling capacity of 10 million, and is expected to reach its full capacity of 60 million passengers a year by 2030.
Engineering and consulting firm CH2M has been selected to design runway repairs and upgrades for the Offutt Air Force Base (AFB) in Nebraska, US.
CH2M will provide designs for Offutt AFB’s Runway 12-30, mass parking apron pavements and the NW Holding Apron, under the contract.
The company will also supply project administration, testing and inspection services before implementing its designs.
Australia’s Sunshine Coast Airport will receive $290m in funding from the Sunshine Coast Regional Council for the development of a new runway and apron expansion.
Palisade Investment Partners will provide $82m for the project, $67m of which will be paid when it takes control of the airport’s management, staff and non-land assets.
Scheduled for completion in 2020, the project is expected to play a key role in the region's future development.
India has signed an aviation agreement with the UK government to reduce restrictions on flights operating between the two countries.
Following the agreement, restrictions on the number of aircraft operating between Britain and major Indian cities, such as Chennai and Kolkata, have been removed.
The new agreement will increase the number of services and routes for passengers, and unlock new trade and tourism opportunities for both countries.
Image: CH2M will repair and upgrade runway and aprons at Offutt Air Force Base (AFB). Photo: courtesy of Delanie Stafford, US Air Force.