KIAL board awards work to lowest bidder
Infrastructure and engineering conglomerate Larsen & Toubro (L&T) has been awarded the engineering, procurement, construction (EPC) contract for Kannur airport, the fourth international airport of the State.
The financial bids submitted by L&T, GMR-Limak, ITD Cementation India Ltd, and Sanjose-Gammon were opened on Tuesday in the capital. The lowest bid, by L&T was verified by the consultant and the engineering wing of Kannur International Airport Ltd. (KIAL).
Based on this, the KIAL board, chaired by Chief Minister Oommen Chandy, decided to award the EPC contract to the company which had executed the airport projects in New Delhi, Hyderabad, and Bangalore.
Full report here Hindu