IBN asks Zürich Airport to submit NIA proposal


, January 17

The (IBN) has asked Switzerland-based AG to submit a proposal for the construction and operation of . Issuing a notice today the IBN has asked the shortlisted company to submit the proposal within 45 days from the date of publication of the notice.

As the government has decided to build and operate NIA as per public-private partnership model, IBN shortlisted the Zürich Airport on September 23 last year to construct the NIA. Out of the other domestic and international firms, Zürich Airport was the only firm that had submitted expression of interest (EoI) for the airport project based on the criteria and standards set by the government.

The other firms to submit the construction proposal of the project included Matrix Enterprises of , China Airport Construction Group and China State Construction Engineering Company from China, GMR of India, Qatar Airways and Vinci Group of France.

The estimated cost of the project stands at Rs 340 billion ($3 billion). As per the board, the airport will be built in three phases — with the cost of the first phase at $1.21 billion, the second phase at $1.12 billion, and the third phase at $1.12 billion.

The notice further mentioned that the pre-bid conference will be held on Fe

Read the full story on The Himalayan Times

Read Previous

Toshiba finds doubtful transactions in unit, to revise past statements

Read Next

New ADB president assumes office

Got any Comments/ Questions?