Companies that have experience in executing projects in the airport, real estate or core infrastructure sector, those who have executed projects worth more than Rs. 10,000 crore in the last 10 years and have a minimum net worth of Rs. 1,250 crore at the close of the preceding financial year will be allowed to participate in the bids to develop Jewar airport, on the outskirts of Delhi.
Four phases
The total project cost of the airport is estimated at Rs. 15,000 crore. The airport is to be developed in four phases and is expected to start operations in fiscal 2023.
The bid document, which was made public on Thursday, states that the concession period for the airport is 40 years with the provision that it can be extended for another 30 years.
