The GVK Group, which operates the Mumbai International Airport, will bid for the Navi Mumbai Airport, a senior GVK official told FE. The Hyderabad-based group holds the first right of refusal for the development of the proposed airport in Navi Mumbai.Other infrastructure companies like Larsen & Toubro and Reliance Infrastructure are also said to be interested in bidding for the project.If GVK’s bid falls short of the highest bid by 10% or less, it will have the right to revise its offer to match the top bid to operate the airport.

Source : http://www.financialexpress.com/news/gvk-in-race-for-navi-mumbai-airport-project/1198430

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