Cabinet Approves Extension Of AAI Land Lease For Nagpur Airport
AVIATION & AIRPORTS

Cabinet Approves Extension Of AAI Land Lease For Nagpur Airport

Union Cabinet approved extension of Airports Authority of India (AAI) land lease to support development of Nagpur airport under the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project.

The approval aligns the AAI land lease with the 30-year concession granted to GMR Nagpur International Airport Ltd (GNIAL), enabling formal handover of the facility to GNIAL for development and operations.

MIHAN Infrastructure Ltd (MIL) was formed in 2009 as a joint venture between AAI and Maharashtra Airport Development Company Ltd with an equity split of 49:51, and airport assets were transferred that year for operational purposes.

Execution of the lease deed was delayed by land demarcation issues and the AAI land was leased to MIL until six August 2039. In 2016 MIL invited global bids for a public-private partnership and GMR Airports Ltd emerged as the highest bidder with a quoted revenue share of 5.76 per cent, later revised to 14.49 per cent of gross revenue.

MIL annulled the process in March 2020, a decision challenged in the Bombay High Court and ultimately upheld by the Supreme Court. Following the Supreme Court judgment dated 27 September 2024, MIL signed the concession agreement with GNIAL on eight October 2024.

GNIAL has outlined phased development to transform Dr Babasaheb Ambedkar International Airport into a world-class facility and plans to scale capacity to handle up to 30 million (mn) passengers annually.

The expansion is expected to strengthen the airport's role as a major aviation hub in central India and to improve connectivity across the Vidarbha region. Authorities also anticipate enhancements to cargo handling infrastructure which underpin the MIHAN project rationale.

Union Cabinet approved extension of Airports Authority of India (AAI) land lease to support development of Nagpur airport under the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) project. The approval aligns the AAI land lease with the 30-year concession granted to GMR Nagpur International Airport Ltd (GNIAL), enabling formal handover of the facility to GNIAL for development and operations. MIHAN Infrastructure Ltd (MIL) was formed in 2009 as a joint venture between AAI and Maharashtra Airport Development Company Ltd with an equity split of 49:51, and airport assets were transferred that year for operational purposes. Execution of the lease deed was delayed by land demarcation issues and the AAI land was leased to MIL until six August 2039. In 2016 MIL invited global bids for a public-private partnership and GMR Airports Ltd emerged as the highest bidder with a quoted revenue share of 5.76 per cent, later revised to 14.49 per cent of gross revenue. MIL annulled the process in March 2020, a decision challenged in the Bombay High Court and ultimately upheld by the Supreme Court. Following the Supreme Court judgment dated 27 September 2024, MIL signed the concession agreement with GNIAL on eight October 2024. GNIAL has outlined phased development to transform Dr Babasaheb Ambedkar International Airport into a world-class facility and plans to scale capacity to handle up to 30 million (mn) passengers annually. The expansion is expected to strengthen the airport's role as a major aviation hub in central India and to improve connectivity across the Vidarbha region. Authorities also anticipate enhancements to cargo handling infrastructure which underpin the MIHAN project rationale.

Next Story
Infrastructure Transport

Afcons Secures Rs 53.01 Billion Vadhvan Breakwater Contract

Afcons Infrastructure has received the Letter of Award from Vadhvan Port Project for the construction of a 10.14-km-long breakwater at the upcoming Vadhvan Port in Maharashtra. Valued at Rs 53.01 billion, the project will create what is set to become the second longest breakwater in the world upon completion.The contract marks a significant milestone for the marine infrastructure specialist and is expected to play a crucial role in the development of Vadhvan Port, envisaged as India's largest public port and one of the world's biggest container ports.Krishnamurthy Subramanian, Executive Chairm..

Next Story
Infrastructure Energy

India Clean Industry Pipeline Grows 30%

India’s clean industry project pipeline has grown by 30 per cent over a six-month period, reflecting rising interest in low-carbon industrial growth amid geopolitical and supply-chain uncertainty.Mission Possible Partnership’s latest Global Project Tracker shows that India now has the world’s third-largest clean industrial project pipeline by project count, after China and the United States. The country has 65 projects across four sectors and 11 states, representing an estimated $433.07 billion investment opportunity in clean fuels, chemicals and low-carbon manufacturing.The pipeline inc..

Next Story
Infrastructure Urban

Kärcher Showcases Professional Cleaning Solutions

Kärcher India recently showcased its professional cleaning solutions portfolio for commercial, industrial, hospitality, healthcare, retail, automotive and institutional applications. The range includes cleaning agents and detergents designed to support efficiency, material safety, operational reliability and hygiene across multiple environments.Under floor cleaning, Kärcher offers solutions such as FloorPro Deep Cleaner RM 751, FloorPro Shine Cleaner RM 755, FloorPro Fine Stoneware Cleaner RM 753, FloorPro Crystallising Agent RM 749 and High Gloss Crystallising Powder RM 775. These products ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement