The much-delayed Navi Mumbai airport is unlikely to commence operations before March 2024, by which time congestion at the existing airport in the city will become much severe, a report said.
Infrastructure major GVK group has bagged the financial bid to build and operate second international airport in the Mumbai metropolitan region at an investment of Rs 16,000 crore this year, beating rival GMR group.
GVK operates the Mumbai airport while GMR handles the Delhi airport.
GVK operates the Mumbai airport while GMR handles the Delhi airport.
However, the official go-ahead is yet to be received by the successful bidder, aviation think-tank Centre for Asia Pacific Aviation (CAPA) said in its latest report.
The new airport was proposed in 1997 and received the government's approval in 2007. The project got delayed due to the land acquisition issues securing necessary government permissions, including the environmental clearance.
"With significant earthworks to be performed at the site before construction can commence, it is highly unlikely that the second airport will commence operations until FY2023 at the earliest, by which time congestion at the existing airport will become far more severe," according to CAPA Global Strategy Report for July-August, 2017, released today.
12/09/17 PTI/Economic Times
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Infrastructure major GVK group has bagged the financial bid to build and operate second international airport in the Mumbai metropolitan region at an investment of Rs 16,000 crore this year, beating rival GMR group.
GVK operates the Mumbai airport while GMR handles the Delhi airport.
GVK operates the Mumbai airport while GMR handles the Delhi airport.
However, the official go-ahead is yet to be received by the successful bidder, aviation think-tank Centre for Asia Pacific Aviation (CAPA) said in its latest report.
The new airport was proposed in 1997 and received the government's approval in 2007. The project got delayed due to the land acquisition issues securing necessary government permissions, including the environmental clearance.
"With significant earthworks to be performed at the site before construction can commence, it is highly unlikely that the second airport will commence operations until FY2023 at the earliest, by which time congestion at the existing airport will become far more severe," according to CAPA Global Strategy Report for July-August, 2017, released today.
12/09/17 PTI/Economic Times
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