+
Navi Mumbai airport development begins after long delay
AVIATION & AIRPORTS

Navi Mumbai airport development begins after long delay

The stalled Navi Mumbai International Airport (NMIA) project has finally started, with major the challenges being cleared.

The City and Industrial Development Corporation (CIDCO) aims to complete the development works of the first phase of the airport by the end of 2024.

The project is being developed on 2,268 hectares of land, from which 1,160 hectares will have the actual airport. The expected cost of the project is Rs 16,700 crore.

Recently, Adani Group took over the project. The project had land acquisition, rehabilitation and resettlement challenges due to opposition from the locals for years.

The Adani Group concessionaire has demanded the acquisition of the entire project land before beginning the actual development.

Ten villages within the core airport area had to be shifted, affecting 3,000 families. Nearly 22.5% of the developing land and other incentives were offered to the project affected people (PAPs). The project also had environmental issues and permissions from the central and state governments, and changes in the concessionaire required new approvals.

Vice-Chairman and Managing Director of CIDCO, Sanjay Mukherjee, said, CIDCO and NMIAL acquired the project in 1997 and are now starting at full pace. CIDCO has completed land acquisition, rehabilitation and predevelopment civil works. It is one of the most vital steps toward the successful execution of the project.

He added that NMIAL had obtained all clearances and financial closure. CIDCO has handed over the site to NMIAL, which has commenced the work of the airport at full speed.

Image Source

Also read: Adani Group concludes financing for Navi Mumbai airport project

The stalled Navi Mumbai International Airport (NMIA) project has finally started, with major the challenges being cleared. The City and Industrial Development Corporation (CIDCO) aims to complete the development works of the first phase of the airport by the end of 2024. The project is being developed on 2,268 hectares of land, from which 1,160 hectares will have the actual airport. The expected cost of the project is Rs 16,700 crore. Recently, Adani Group took over the project. The project had land acquisition, rehabilitation and resettlement challenges due to opposition from the locals for years. The Adani Group concessionaire has demanded the acquisition of the entire project land before beginning the actual development. Ten villages within the core airport area had to be shifted, affecting 3,000 families. Nearly 22.5% of the developing land and other incentives were offered to the project affected people (PAPs). The project also had environmental issues and permissions from the central and state governments, and changes in the concessionaire required new approvals. Vice-Chairman and Managing Director of CIDCO, Sanjay Mukherjee, said, CIDCO and NMIAL acquired the project in 1997 and are now starting at full pace. CIDCO has completed land acquisition, rehabilitation and predevelopment civil works. It is one of the most vital steps toward the successful execution of the project. He added that NMIAL had obtained all clearances and financial closure. CIDCO has handed over the site to NMIAL, which has commenced the work of the airport at full speed. Image Source Also read: Adani Group concludes financing for Navi Mumbai airport project

Next Story
Infrastructure Energy

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Next Story
Real Estate

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Next Story
Infrastructure Energy

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement