NRI-promoted DS Construction has submitted its bid India Airport Projects


NEW DELHI, JULY 20, 2004:
The Financial Express

Competition heats up for modernisation projects of Mumbai and Delhi airports as 10 consortia including Reliance, Bharti, Videocon and DLF have submitted expression of interest (EoI) for the projects.

“Ten consortia have submitted their bids to the Airport Authority of India (AAI) for modernisation and restructuring of the two airports by the 1700 hours deadline on Tuesday,” a civil aviation ministry source said.

NRI-promoted DS Construction has submitted its bid with UK-based John Laing, the group company of Laing O’ Ruk which is handling two projects of $470 million at Heathrow Airport. The British company has also worked on the Dubai airport extension. “The UK-based partner will provide construction support whereas technical help in airport management will come from consortium member Munich Airport Ltd,” a DS construction official told FE.

Confirming Essel group’s tie-up with Turkey-based TAV group, which is operating Istanbul, Ankara and Tehran international airports, Essel group vice-president, corporate brand development, Ashish Kaul said: “The group has submitted an EoI through our group company, Pan India Paryatan Ltd, which is managing theme parks under the brand name Essel World and Water Kingdom.”

Videocon has collaborated with Australia’s MYPH Corporation, which manages the Sydney Airport. The UK Infrastructure is their construction advisor for the project.

While Larsen & Toubro (L&T) has joined hands with Piramal, Fraport and GMR (which is developing Bangalore airport) are partners for the projects.South India-based GVK group (developing Hyderabad airport) and Airports Company of South Africa have submitted EoI as partners.

Bharti Enterprises and Singapore’s Changi Airport Managers and Partners (Champs) had already submitted their bid on Monday after forming a joint venture.

Other bidders are Macquaire Bank of Australia and Delhi-based construction company DLF. Partners of Reliance, DLF and Macquire could not be known. An inter-ministerial group (IMG), comprising officials from ministries of civil aviation, finance and law and disinvestment department, will finalise the evaluation criteria and open the EoI documents by the end of this month, a civil aviation ministry official said.

Financial consultant for the project, ABN-Amro, will examine the bids on the laid-down criteria and policy guidelines before short-listing them. The short-listed candidates will be asked to submit their request for proposals , tech and financial bids and architectural plans.

The empowered group of ministers (EGoM) will then finalise the two candidates by the year-end. As per the laid down norms, the same consortium is not allowed to bid for both the airports. Companies, however, did not disclose their preference for the projects