Mumbai to have 2nd Int`l airport by 2013

The Government has approved the proposal for setting up a new international airport in Mumbai.
All pending issues with the state government would be resolved in a month or two and the Government would then proceed for Cabinet approval for the building of the greenfield airport. The proposed new airport will be ready only by the end of 2013.
The new Mumbai airport is proposed to be developed through the PPP (Public-Private-Partnership) route. The Airports Authority of India (AAI) and the City and Industrial Development Corporation (CIDCO) of Maharashtra will hold 13% each while the private player will hold a 74% stake. The bidding process and selection of JV partners for building the airport would be completed within 2007.
The new airport is expected to absorb 10mn passengers per annum in 2013. This will double to 20mn passengers per annum by 2020, 30mn passengers per annum in 2025 and ultimately 40mn passengers per annum by 2030.
19/12/06 India Infoline.com

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