Wednesday, November 23, 2016

Navi Mumbai airport cost shoots up 250% on expensive land

Not a single brick has been laid but the proposed Navi Mumbai International Airport (NMIA) cost is already touching stratosphere.

The airport is now estimated to cost Rs 16,704 crore, a whopping 250% increase over the Rs 4,766 crore in 2006-07 when the plan was first formulated, according to the projections of the Union civil aviation ministry. The rise is primarily on account of land acquisition costs.

The projected cost was revealed by Minister of State for Civil Aviation Shri Jayant Sinha as part of a reply to a question in Rajya Sabha, wherein he stated that the government has given 'in-principle' permission to 18 greenfield airports in the country.

The need for a greenfield airport has become pressing as the passenger numbers at the Mumbai's Chhatrapati Shivaji International Airport (CSIA) have already overshot estimates.

But the work on Navi Mumbai airport is moving at snail's pace.

Till recently, the Maharashtra government's deadline of the first flight from the Navi Mumbai airport was December 2017, which was pushed to 2019 and is likely to postponed.
23/11/16 Shahkar Abidi/DNA

0 Comments: