Navi Mumbai Airport project faces costs overruns

The proposed Navi Mumbai International Airport may face cost overruns due to incurring a likely charge of Rs 4,000 per ticket as user development fee, or UDF.  The proposed second airport for the Mumbai metropolitan region is being developed as an alternate airport to the existing Chhatrapati Shivaji International Airport. The project envisages the first of the three phases completed at a cost of Rs 10,000 crore by 2014. Cost overruns and inflationary spikes due to delay in executing the project have resulted in the project cost skyrocketing by 10 per cent annually.Contact: Navi Mumbai International Airport.Tel:  022-6791 8101.e-mail: info@cidcoindia.comWebsite: www.cidconmia.com