MIAL awards CSIA slum rehabilitation contract to HDIL

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Mumbai, Oct 16 (UNI) Mumbai International Airport Ltd (MIAL) today awarded a contract for rehabilitation and resettlement of slums around the airport to the Housing Development and Infrastructure Ltd (HDIL).

The contract was awarded to HDIL under a competitive bidding process. This was part of the process initiated by MIAL, whereby expressions of interest (EOI) were invited from developers with required experience and resources and minimum eligibility criteria laid down in consultation with Mumbai Metropolitan Regional Development Authority (MMRDA) to select a competent developer. The role of MMRDA is that of a Project Implementing Agency.

Announcing the award of the contract, MIAL chairman G V Krishna Reddy said, ''We have awarded the contract to HDIL which has past experience in undertaking slum rehabilitation projects in Mumbai and has financial capabilities to undertake a project of this size. We are committed to undertaking a model slum rehabilitation exercise in line with the policy laid down by the Maharashtra government, and are confident that this would translate into a time-bound delivery of airport development, in line with our vision for the development of Chhatrapati Shivaji International Airport (CSIA).'' CSIA is a severely land constrained airport with about 276 acres of airport land under slums. Mr Reddy expressed confidence that the rehabilitation and resettlement of slums on airport land will not only facilitate the development of CSIA but will also provide better facilities to the slum dwellers. MIAL plans to go beyond the minimum requirement as per the state government scheme while providing infrastructure to the resettled slum dwellers.

Speaking on the occasion, HDIL chairman Rakesh Kumar Wadhawan said, ''We consider it a privilege to be associated with this project and are confident of successfully completing the same as per guidelines laid down by the Maharashtra government.'' The slum rehabilitation process will be undertaken in a phased manner between 18-48 months.

MIAL is a joint venture between GVK-SA consortium and Airports Authority of India. MIAL was awarded the mandate of modernising and upgrading CSIA in April 2006. CSIA is India's busiest airport, having catered to 22.2 million passengers and 480,000 tonnes of cargo in 2006-07.

GVK is amongst India's largest infrastructure developers which has invested over Rs 5,000 crore into infrastructure projects and has on hand projects in the pipeline of over Rs 12,000 crore.

HDIL is part of the Wadhawan Group and has been involved in real estate development in the Mumbai Metropolitan Region for almost three decades.

UNI

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