After many years of delay and regulatory hurdles, the Navi Mumbai airport project is finally off the ground, with the Request for Qualification (RFQ) floated for airport developers on Wednesday. The City and Industrial Development Corporation of Maharashtra (CIDCO), the lead project developer, has taken every conceivable regulatory clearance for the airport project, which will cost about ?5,500 crore in the first phase. Sanjay Bhatia, Vice-Chairman and Managing Director of CIDCO, tells Business Line that if all the processes fall in place by December 2017, Mumbai metropolitan region could well get a new airport. Edited excerpts:
Is CIDCO finally ready to launch the Navi Mumbai airport project?
All the necessary clearances, including environment and those from the Civil Aviation Ministry, are in place. The RFQ will set the standards for the developer, after which a Request for Proposal would be called for. By 2017, CIDCO wants the airport to handle 10 million passengers, which will increase to 25 and 40 million passengers in the subsequent years.
By 2032, it should be able to handle 60 million passengers. Out of the 2,200 hectares required for the airport, 1,570 hectares is in CIDCO’s possession. For the rest , CIDCO is negotiating with the villagers. Residents from two villages are reluctant to accept our compensation package.
06/02/14 Rahul Wadke/Business Line
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Is CIDCO finally ready to launch the Navi Mumbai airport project?
All the necessary clearances, including environment and those from the Civil Aviation Ministry, are in place. The RFQ will set the standards for the developer, after which a Request for Proposal would be called for. By 2017, CIDCO wants the airport to handle 10 million passengers, which will increase to 25 and 40 million passengers in the subsequent years.
By 2032, it should be able to handle 60 million passengers. Out of the 2,200 hectares required for the airport, 1,570 hectares is in CIDCO’s possession. For the rest , CIDCO is negotiating with the villagers. Residents from two villages are reluctant to accept our compensation package.
06/02/14 Rahul Wadke/Business Line
