Mumbai: After a string of missed deadlines, the Navi Mumbai International Airport, for which Prime Minister Narendra Modi laid the foundation stone in 2018, is likely to be commissioned for operations by December 2024.
The project crossed a major milestone two months ago when the concessionaire, the Navi Mumbai International Airport Limited (NMIAL), reached financial closure, giving the implementing authorities the confidence to meet this deadline.
Sanjay Mukherjee, vice-chairman and managing director of the City and Industrial Development Corporation (CIDCO), the state’s implementing authority for the project, told ThePrint, “Financial Closure would mean that the fund flow of the project has been finalised. Obviously, that would ensure project milestones to be achieved and enable the project to be on schedule. All clearances have been obtained. CIDCO’s pre-development work is complete.”
The NMIAL is a subsidiary of Adani Enterprises Limited and is developing the Navi Mumbai International Airport on a public-private partnership basis with CIDCO.
The much-needed Rs 16,000 crore Navi Mumbai International Airport is touted to be one of the world’s largest greenfield airports with two parallel runways of 3,700 metres and full-length taxiways, spaced 1,550 metres apart.
Pre-development work was necessary to prepare the greenfield site for construction. The work, which started in 2017, involved flattening a hillock, reclaiming marsh land and diverting a river at the site.
25/05/22 Mansai Phadke/Print
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