While the Terminal 2 of the airport operates both domestic as well as international flight, the airport currently operates 50 international and 9 domestic airlines
Adani Group makes offer to buyout 23.5% stake in Mumbai airport as South African partners in JV keen to exit
Adani Group has also bid to operate six non-metro airports that are currently under AAI's management.
GVK through its subsidiary, Mumbai International Airport (MIAL) holds 74 percent equity shares of the SPV- Navi Mumbai International Airport (NMIAL) while Cidco holds the balance 26 percent.
A 90-meter tall hillock is being razed to just 8 meters for runways for the upcoming Navi Mumbai international airport
Operators of both airports also argue that the Airports Authority of India, which is seeking an audit by the CAG,has not made known any doubts nor sought any clarifications from the board of directors of either airport
Adani Group’s 16.5 billion dollar coal mine project in Australia has hit another controversy after reports that the Indian mining giant suspended two major contractors, raising fresh speculation over funding even as the company blamed the move on delay in government approvals.
According to officials of the Ministry of Civil Aviation, eight-nine private developers may come forward for placing bids.
An alternative land dumping proposal near wetlands was rejected by the new Labor government. Instead it has approved plans to dump the dredge spoil at the port itself, on a site slated for another coal terminal that has been shelved.
Minister Anthony Lynham said his government would do everything it could, short of providing funding, to promote the Galilee Basin projects
The Government's move to privatise airports at Jaipur, Ahmedabad, Kolkata and Chennai has generated interest among some well known developers even as protests from Airports Authority of India employees gather steam.
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
FIRs have been registered against top officials of the aviation ministry, GVK Ltd and police department on a complaint that Mumbai International Airport Ltd (MIAL) received undue benefits.
The Alpha mine is 79 percent owned by GVK and 21 percent owned by Australian billionaire Gina Rinehart's Hancock Prospecting.<br />
The process followed till now by previous governments in awarding airport projects to private developers has been fraught with anomalies.
Indian conglomerate GVK Group faces an October deadline to pay a final $560 million to billionaire Australian miner Gina Rinehart for coal assets it bought in 2011 and has yet to develop in Australia's outback.<br />
A draft policy on remote and regional connectivity has also been evolved, which would aim at granting various concessions and incentives to airlines to fly to such areas.
The airports would come up on a public-private partnership model
The transaction is part of the process of overall commercial development of 22 million square feet of the airport in phases over a period of ten years, GVK said in a press release, adding that the transaction has been finalised at the rate of approximately Rs 106 crore per acre which translates to total of Rs 580 crore for this parcel at approximately Rs 5,000 per square foot of built-up area.<br />
This transaction is part of the process of overall commercial development of 22 million square feet of the airport in phases over a period of ten years.
Raju also focused on tapping the advertisement potential to generate more revenue for the airport and recommended a review of the maintenance and advertisement contracts.