Navi Mumbai airport to be ready by 2012

With the prime consultant for structuring the bidding process for Navi Mumbai International Airport expected to be appointed by the end of this month, the City and Industrial Development Corporation (Cidco) - the infrastructure arm of the Maharashtra government- says it will meet the 2012 deadline for completion of the airport's first phase.
The airport, to be built at a cost of Rs 2,787 crore, will have a capacity of 10 million passengers per year. The deadline is important as Mumbai international airport will reach its saturation point of 40 million passengers per annum by then.
Cidco has zeroed in on three sites in Navi Mumbai to rehabilitate those the project will displace -10 villages with 3,500 families.
The rehabilitation package will cost Rs 250-Rs 300 crore. Of the 2,053 hectares marked for the project, Cidco holds 57 per cent and the state government 21 per cent. The rest, on which major activity will take place, is yet to be acquired.
30/01/08 Manisha Singhal/Business Standard

To Read the News in full at Source, Click the Headline

Categories: Airports Jan 2008, New Jan 2008