Navi Mumbai airport to be operational by mid 2020, nine more on the cards in Maharashtra: Devendra Fadnavis
While Pune airport is being developed to cater to one of the major IT hubs in the country, Nagpur airport is being developed for its strategic location in national and international flight routes, Fadnavis said.
GVK could sell a significant minority stake in Mumbai airport; Bidvest Group looks to exit investment
The move to sell a stake in MIAL is a part of GVK’s efforts to free up cash for new projects, like the ongoing second airport in Navi Mumbai.
PM's Navi Mumbai airport event: GVK asks Cidco, JNPT to share 60% of Rs 10.3-cr foundation stone-laying ceremony cost
In an unprecedented move, the Navi Mumbai airport developer GVK Group has asked two government bodies--Cidco and JNPT--to cough up a part of the cost incurred on foundation stone-laying ceremony attended by Prime Minister Narendra Modi
Apart from enhanced aviation services to non-metro cities, the sector has also benefited from the rise in domestic disposable income levels
The contract award comes decades after the state government first mooted the project.
How much of this is the fault of an individual airline is debatable but it is clear that airport infrastructure at Mumbai is bursting at the seams
Prime Minister Manmohan Singh had said in Mumbai earlier this month that the pending issues had been resolved.
It is not just about terminal size alone too--CSIA T2 will actually closely match Delhi's T3 in terms of gates, when it is complete and may actually be designed to accommodate more passengers, but there's the matter of aircraft parking too.
Had there been a cash component in the acquisition deal for 670 hectares, there could have been further delays.
The last major hurdle for kickstarting the Navi Mumbai international airport project has finally been cleared as the Maharashtra chief minister Prithviraj Chavan offered the country's biggest compensation and rehabilitation package to the project-affected farmers.<br /><br />
Prices in Ulwe and Donagiri, barely two kilometers from the airport site, are bound to see a correction now after developers gravitated towards it and drove up the prices when the airport project was announced in 2010.
The user development fee at the proposed Navi Mumbai International Airport is likely to be as high as Rs 4,500 per ticket as delays in execution have inflated the project cost significantly