The Centre has given its approval for second stage of bidding (RFP) for the proposed Rs 15,000 crore Navi Mumbai International Airport.

The approval for the financial bid documents or the request for proposal (RFP) paves the way for selecting the final consortium for development of the greenfield airport at Navi Mumbai, City and Industrial Development Corporation (Cidco) said in a statement issued in Mumbai.

On December 30, the Ministry of Civil Aviation(MoCA) reviewed the Draft Bid Stage Documents for Navi Mumbai International Airport (NMIA) and accorded green signal to commence the RFP stage of the international competitive bidding process, it said.

"During the meeting, MoCA emphasised that the timely implementation of the project...was critical in light of the growth in air traffic and the ever increasing congestion at Mumbai airport both on air and land side," it said.

Cidco will now finalise the documents after incorporating the observations of MoCA and issue the RFP to pre-qualified applicants to commence the second stage of bidding.

"It is expected that selected concessionaire will be in place by mid 2016 and first flight from Navi Mumbai Airport will take off by the last quarter of 2019, thus commencing Phase 1 of airport operations," it added.

Cidco had invited the global tenders for request for qualification (RFQ) on February 5, 2014. It received nine bids out of which four have been shortlisted. The four companies include GMR Group, the GVK-led MIAL, Hiranandani Developers along with Zurich Airport and Mia Infrastructure with Tata Realty and Infrastructure.