labels: News reports, Government / regulatory, Airports Authority of India
Thai-Indian consortium lead the race for modernising Kolkata airport news
27 June 2008

A Thai-Indian consortium has emerged the lowest bidder for the Rs2,000-crore Kolkata airport modernisation project.

Thai company ITD, which also shared in the construction of the Suvarnabhumi airport in Bangkok has along with its Indian partner ITD CEM quoted around Rs2,000 crore, according to sources in the ministry of civil aviation. The ministry completed the examination of bid two days ago. The highest bid was around Rs2,400 crore.

The ministry of civil aviation anticipated a three week period before the award of the contract is formally announced, as the bid will first be evaluated by a technical committee that will send its recommendations to the Airports Authority of India (AAI) board for approval. Financial as well as technical experts would be part of the committee.

Three consortiums and one company had submitted technical and financial bids on 16 June, including Pomerleu Inc (Canada)-CCCL, TAV Tepe Akfer Yatirim Insaatva Isleme AS (Turkey)-Punj Lloyd Ltd. Indian infrastructure major Larsen and Toubro was the lone ranger, participating in the bidding process on its own, and not as part of a consortium.

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Thai-Indian consortium lead the race for modernising Kolkata airport