Mihan India Ltd has cancelled the contract for the development of Nagpur Airport awarded to GMR Airports Ltd (GAL), a subsidiary of GMR Infrastructure.
In October 2018, GMR had emerged as the highest bidder for the development, operations and management of Dr Babasaheb Ambedkar International Airport, Nagpur, in public private partnership (PPP) mode. GVK had also submitted a bid.
GMR was awarded the mandate by Mihan, the authority entrusted with the task of developing the airport, in March 2019.
Mihan is a joint venture between Maharashtra Airport Development Company (a Government of Maharashtra undertaking) and the Airports Authority of India. It had started the RFP (request for proposal) process to privatise the Nagpur Airport in March 2018. The proposed 30-year contract included the construction of a new terminal amongst other works.
