Navi Mumbai airport the cynosure of India Inc

Mumbai: The Rs 4,765-crore Navi Mumbai airport slated to come up by 2012 is critical - not just to land sharks who have invested in the region and to leading politicians who have bought up large tracts of land but also to many large industrial houses in Mumbai.
Tenders are expected to be issued by City and Industrial Development Corporation of Maharashtra (CIDCO) in mid-September inviting global bids from consultants who will conduct the detailed feasibility study.
The Mukesh-Ambani-led Reliance group is one of the interested parties since bagging the airport would ensure a virtual monopoly in the Navi Mumbai area.
It is precisely that fear that has ensured the Anil Ambani-led ADAG group sees this project as a high-priority venture.
But the project is also critical for GVK, the company that's involved in modernising the existing Mumbai airport - a task far less enviable than one would have imagined.
According to top civil aviation ministry sources, the consortium (MIAL) has made far less progress than it ought to have despite land constraints (it has only 2,000 acres available to it compared to 5000 acres available to Delhi airport).
31/08/07 Anjuli Bhargava/Business Standard

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Categories: Airports Aug 2007, New Aug 2007