KMV Projects Clinches Belagavi Airport Terminal Contract with Lowest Bid
In a pivotal development, KMV Projects emerged as the lowest bidder for the civil construction of Belagavi Airport’s new terminal building. Out of the seven contenders, KMV Projects presented the most competitive bid at Rs. 220.08 crores, while BG Shirke secured the highest bid at Rs. 277.64 crores.
The upcoming terminal, boasting four aerobridges, is poised to substantially enhance the airport’s capacity, accommodating 2,400 peak-hour passengers—equally split between arrivals and departures. Upon completion, the existing terminal will transition to managing arrivals, aligning with the traffic demand projection of 2.0 million passengers per annum until 2037, as advised by AAI’s consultant Landrum and Brown.
Financial Bid Values
|Bid (Rs. Crore)
|CS Construction Company
|Girdhari Lal Constructions
|BG Shirke Construction Technology
The current domestic terminal, overseen by the Airports Authority of India (AAI), spans 3,600 sq.m and caters to 300 peak-hour passengers. Its apron can handle six narrow-body aircraft, including the B737 and A320.
The project’s trajectory began in November 2023 when AAI invited tenders for the civil construction contract, estimating a cost of Rs. 265.04 crores and setting a two-year completion deadline. The unveiling of technical bids in December 2023 revealed a competitive landscape with a total of seven bidders.
With KMV Projects securing the lowest bid, the next phase involves opening the financial bids of technically qualified contenders. The successful contractor is anticipated to be confirmed in the coming weeks, setting the stage for groundbreaking in the second quarter of 2024 and full-scale construction in the third quarter. Belagavi Airport’s expansion holds promise for elevated operational capacity and a modernized travel experience.