Cidco bats for Navi Mumbai airport nod

Mumbai: The City and Industrial Development Corporation (Cidco), the nodal agency for the Navi Mumbai International Airport project, on Saturday sought Prime Minister Manmohan Singh's intervention for an early approval of the request for qualification (RFQ) for the project. Cidco also sought financial assistance from the Centre for pre-development costs.
Cidco Chairman Pramod Hindurao, during his meeting with Singh at the state governor’s residence here, brought to the latter’s notice that the RFQ was submitted in April, but the approval of the ministry of civil aviation was still awaited.
The total project cost has been pegged at Rs 14,500 crore, of which Rs 9,000 crore would be for phase I. “Of the Rs 9,000 crore, pre-development cost is about Rs 4,000 crore. It is required for preparation of airport site, including land acquisition, relief and rehabilitation and land development. To make this greenfield project viable, to be developed under public-private partnership (PPP), assistance from the Central government is necessary,” Hindurao said in his representation.
19/08/12 Sanjay Jog/Business Standard

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Categories: airports Aug 2012, New Aug 2012