A day after the Bharti-Changi consortium dumped plans to participate in the airport modernisation programme citing government conditions, Subhash Chandra-promoted Essel group on Tuesday welcomed the terms of the tender and said it would submit its bid on Wednesday.
Essel group and TAV group of Europe have joined hands to bid for the modernisation of airports in Delhi and Mumbai under the name PanIndia Paryatan-Tav.
Why Bharti pulled out of airport race
"We feel the terms of tender are right steps to ensure that only serious players remain in the fray," Essel group spokesman Ashish Kaul told PTI.
In a statement, Bharti group on Monday expressed its inability to participate in the bidding of modernisation and privatisation of Delhi airport as its airport operator -- Changi -- had stated "unwillingness to commit to the key terms of the tender conditions."
Changi airport of Singapore had conveyed that they were not confident about meeting the conditions set in the tender, the statement said and added that the consortium could not proceed without the commitment of Changi, as it is an essential qualification criteria to have an airport operator participate in the bidding process.