IRB Infrastructure Developers on Tuesday said it has emerged as the successful bidder for construction of a greenfield airport in
Maharashtra.
Maharashtra Industrial Development Corporation (MIDC) has chosen IRB Infrastructure Developers as the "selected bidder" for design, built, finance and operation of a greenfield airport project in Sindhudurg district (Maharashtra), IRB Infra said in a filing to the Bombay Stock Exchange
As per provisions of the bid, the company is required to form a special purpose vehicle (SPV), it added.
The project is having a concession period of 95 years with construction period of 18 months from the date of fulfillment of conditions precedent.
*Source: The Economic Times |