Summary:
The GMR Group was the only company which had participated in the earlier tender. The cabinet cancelled the earlier tender in January awarded to the AAI. Companies with a net worth 590 crore at the close of the preceding financial year are eligible to participate in the tender. Ajay Jain, principal secretary (energy, infrastructure and investment), told TOI, "A bigger project has led to cost escalation. The applicant for pre-qualification may be a single entity or a group of entities.The project cost has increased from 2,302 crore when it was awarded to Airports Authority of India (AAI)..