Tata Realty and Infrastructure may join hands for Navi Mumbai airport project bid
A potential joint venture is being worked out by Tata Realty and Infrastructure and Ferrovial SA of Spain to bid jointly for Mumbai’s second airport project — the Navi Mumbai airport.
Tata Realty and Infrastructure’s intentions of bidding for the Navi Mumbai Airport project – most likely in collaboration with Ferrovial – marks the company’s intensified interest in the civil aviation sector in India. However, since the company has invested in two proposed carriers last year, it will need to avoid conflict-of-interest issues by keeping its stake low in airport ventures.
Tata Realty and Infrastructure as well as Ferrovial – the biggest shareholder of the UK’s Heathrow Airport – have already indicated their interest in the Navi Mumbai Airport project. The two companies are among the 20 firms that have responded to City and Industrial Development Corporation (Cidco) February requests for proposals to build the airport.
Source: The Economic Times
City and Industrial Development Corporation (Cidco), civil aviation sector, Ferrovial SA of Spain, Heathrow Airport, Navi Mumbai Airport project, Tata Realty and Infrastructure
