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navi mumbai international airport status
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navi mumbai international airport status

18-Jan-2016. Initial pre-development work to be carried out by CIDCO will require INR23.56 billion (USD375 million), with the initial two phases of the development requiring a total investment of INR95 billion (USD1.52 billion). Mumbai Chhatrapati Shivaji Maharaj International Airport, Airports Authority of India (AAI) & Indian Govt. India plans to issue a 30-year concession tender for the development and operation of the airport. 18-Jun-2015. The ruling allows City and Industrial Development Corporation of Maharashtra (CIDCO) to proceed with the acquisition of more than 670 hectares for the project. For travel advisories, precautionary measures and other information related to the Covid-19 situation, Navi Mumbai International Airport is already one-step closer to transforming the urban map of Navi Mumbai. India's Maharashtra Chief Minister Devendra Fadnavis advised all approvals for the Navi Mumbai International Airport project are in place and first service will launch by Dec-2016. India's Minister of State for Civil Aviation Dr Mahesh Sharma confirmed the government granted in principle approval for the development of 13 new airports at cities including Mumbai. The airport was being planned to handle 10 million passengers in the phase … The proposed corridor will be a 22-km route and will also be implemented by the MMRDA. The site has small hills to be cleared and a river that requires diversion. Sep-2014. Any equity allocation to AAI will reportedly be from CIDCO's 26% stake, with a charge for the stake. As a result, the airport development may not be completed by its designated timeframe. Work to be awarded to local companies includes basic earth moving, relocation of utilities infrastructure and construction of civil amenities. The fully constructed airport will handle 60 million passengers in a year. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. 30-Dec-2015. India’s City and Industrial Development Corporation of Maharashtra (CIDCO) plans to re-issue a tender for pre-development works at the Navi Mumbai International Airport site after modifying tender conditions in response to feedback from bidders. Navi Mumbai International Airport (NMIA) is an under construction greenfield international airport being built at Ulwe Kopar-Panvel in Maharashtra, India. Maharashtra State Government confirmed that it still needs to acquire 291 hectares of land for the Navi Mumbai International Airport development. 04-Jan-2016. The tender for the pre-development work was scheduled to be opened on 05-Jan-2016. NMIAL expects to complete and commission phase one of Navi Mumbai by the end of 2021, two years later than the Dec-2019 launch date set by the Maharashtra State Government. consortium — in the race for the project. Jun-2014. Foreign airlines may also participate in the project, subject to approval by India's Government. consortium — in the race for the project. India's City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) PRO Mohan Ninawe advised four bidders have qualified for the request of proposal to the Navi Mumbai International Airport project, closing on 07-Nov-2016. India's City and Industrial Development Corporation (CIDCO) reportedly feels pressured to reach an agreement with land owners to acquire 475 hectares necessary for the Navi Mumbai International Airport project. Prime Minister Narendra Modi is all set to lay the foundation stone on Sunday 18 February and operations are expected to start in 2019. 19-Oct-2017. CIDCO's project management committee is reportedly assessing technical submissions by four shortlisted bidders. Impact of Navi Mumbai International Airport on property prices, History of Navi Mumbai International Airport, Impact of Navi Mumbai airport on property market, Average price in top* Navi Mumbai localities, Navi Mumbai airport impact on environment, Navi Mumbai airport impact on property market, Griha Pravesh Muhurat 2020: Best dates for a house warming ceremony. India's City and Industrial Development Corporation of Maharashtra (CIDCO) extended Navi Mumbai International Airport's bidding deadline by 15 days from 09-Jan-2017. Mr Bhatia confirmed the tender for pre-development works will by awarded by the end of Dec-2015. Works include river diversion, land clearance, levelling and reclamation and relocation of power lines. Maharashtra chief secretary Swadhin Kshatriya reported all central government permissions for Navi Mumbai International Airport have been approved. Despite being a hotbed of affordable realty lying among scenic beauty, Navi Mumbai realty hasn’t been able to get the attention expected to receive when plans were first made to create a city parallel to the country’s commercial nerve centre Mumbai, during the 1970s, when it became clear the space-starved Maximum City was on the verge of a population explosion. Navi Mumbai’s public private partnership project is expected to cost USD2.5 billion. City and Industrial Development Corporation of Maharashtra (CIDCO) reported GMR Group, a consortium of MIA Infrastructure and Tata Realty and Infrastructure, Mumbai International Airport and a consortium of Flughafen Zurich and Hiranandani Developers qualified for submission of financial bids for the contract to construct and operate Navi Mumbai International Airport. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia said Navi Mumbai International Airport will operate at its full initial capacity of 10 million passengers p/a when it opens. India's Pune district collector Saurabh Rao advised the revenue department formed a six member team including three from Maharashtra Airport Development Company's revenue department, to assess/review the Navi Mumbai rehabilitation project model. City and Industrial Development Corporation of Maharashtra(CIDCO) received a series of environmental, technical, land acquisition and zoning approvals from India's Government for the Navi Mumbai International Airport project, resolving seven of eight outstanding issues. Official Chatrapati Shivaji International Airport website - live flight details, arrivals & departures, news & advice, Parking at Mumbai Airport. Navi Mumbai International Airport (P) Ltd., is a Public Private Partnership venture in which the GVK led Mumbai International Airport Ltd., (MIAL), has a 74 per cent stake with CIDCO, the nodal agency of the Government of Maharashtra, holding the remaining 26 per cent. CIDCO VC and MD Sanjay Bhatia said the Ministry of Civil Aviation (India) has already approved for the next step of the bidding process. The three remaining airport bidders include GMR Infrastructure, GVK Power & Infrastructure Ltd, and MIA Infrastructure of France with Tata Realty. 21-Jun-2016. Upon its completion, Mumbai will be the first city in India to have more than one airport. Read our analysis on the impact of the much-delayed Navi Mumbai International Airport on the property markets close-by, once it sees the light of the day. Will real estate market sentiment improve once the COVID-19 vaccine rollout starts? 21-Jun-2016. Nov-2014. CIDCO stated INR27 billion (USD423.4 million) is required for pre-development work for the Navi Mumbai International Airport project. CIDCO reported the construction of the airport is scheduled to begin from Sept/Oct-2016 with the first phase open to passengers by mid 2019. But there are two small mountains, a river and a sea which is making the work a little bit difficult. India’s Minister of State for Civil Aviation Jayant Sinha advised that site clearance had been granted for the proposed airport at Bhiwandi and “further development would depend on preparation of Detailed Project Report, its economic viability and financial closure subject to the in-principle approval”. According to CIDCO, in the event that MIAL matches the highest ranked bid, it shall be deemed to be the highest bidder and the project shall be awarded to MIAL. Mr Bhatia said pre-development tenders will open in early Jan-2016 and works will commence by Feb-2016, land and environmental clearances are expected in three to four months, bidders may be appointed by May/Jun-2016 and the project is on track for initial operations in Oct/Nov-2019. Mr Kshatriya said: “The competitive bidding process will be completed this year. Nothing has moved forward". Pre-development is expected to cost INR35 billion (USD525.5 million). 27-Jul-2015. 'Navi Mumbai Airport's phase I construction may cost 50% more' 13 Jul, 2018, 07.07 PM IST In 2013, then CM Prithviraj Chavan had said that phase I of the Navi Mumbai International Airport was expected to be completed at a projected cost of Rs 9,600 crore. Dec-2016. The area around mainland Navi Mumbai across the Mumbai Harbor is the location of Mumbai’s second international airport (NMIA). 08-Jan-2016. Dec-2014. India's Civil Aviation Ministry is seeking for the Airports Authority of India (AAI) to become an equity partner in the special purpose vehicle (SPV) that will be formed to construct and operate the proposed Navi Mumbai Airport. City and Industrial Development Corporation of Maharashtra (CIDCO) intends to select a final bidder for the Navi Mumbai International Airport project by Apr-2016. Jun-2013. and Vinci Concessions (q.v.) An unidentified CIDCO official reportedly said the extension was granted to allow bidders to form JVs. India’s Federal Government had given its approval for the second stage of Navi Mumbai International Airport’s RFP, which will involve selecting the final consortium for the development of the proposed airport according to City and Industrial Development Corporation (CIDCO). Jan-2018. India’s City and Industrial Development Corporation (CIDCO) sent RFPs to GMR Infrastructure, Mumbai International Airport Limited and MIA Infrastructure for the development of Navi Mumbai International Airport on 29-Apr-2016. CIDCO confirmed the deadline for requests for qualification for the development of Navi Mumbai airport will be extended from 18-Jun-2014 to 18-Jul-2014. Sep-2013. MIAL will hold 74% stake in the project; the rest is with CIDCO. You can also choose from our range of premium add-ons, including MRO Matrix, Route Maps, Fleet Data and more. The first phase will include one runway, arrival and departure terminals and customs and immigration facilities. India’s Minister of State for Home Affairs Haribhai Parathibhai Chaudhary stated that security clearance for GMR Airports Limited, MIA Infrastructure Pvt Ltd and Mumbai International Airport Private Limited were granted for the development Navi Mumbai International Airport. 01-Feb-2016. Copyright © 2021. Its authorized share capital is Rs. AAI is reportedly preparing a number of long-term funding options for its development, in case private developers are uninterested in the bidding process. CIDCO issued a tender to prepare the site for construction. Following completion of the assessment, bidders will be given three to four months to submit a financial proposal. CIDCO further extended the deadline for submission of requests for qualification (RFQs) for the  project from 02-Sep-2014 to 30-Oct-2014. India's Ministry of Civil Aviation stated that any extension beyond 40 years and before 60 years of operation will be done using a bidding process, and the existing promoter has the right of first refusal. The pre-development work includes the diversion of the Ulwe River, clearing of the land, increasing the level from 2m to 5m above mean sea level and relocation of power lines. CIDCO expects to complete land acquisition for the project in mid Jan-2015. L&T is the project contractor for ongoing expansion works at Bengaluru, Delhi, and Hyderabad airports.. Navi Mumbai airport has been plagued by delays and cost escalation over issues related to land acquisition and environment issues. Mumbai International Airport (MIAL) has first right of refusal on the project. 12,229,999,600. 04-Jan-2017. The submission deadline has been extended five times from the original date in Jun-2014. India's Ministry of Civil Aviation has given in-principle approval for financial bids or request for proposals at Navi Mumbai International Airport. Work will include diverting waterways, land reclamation, terrain levelling and relocation of power lines. The overall cost of the project is expected to be INR150 billion (USD2.26 billion). CIDCO received bids from GMR Group, Mumbai International Airport, a consortium of MIA Infrastructure and Tata Realty and Infrastructure and a consortium of Flughafen Zurich and Hiranandani Developers. Environmental clearance has also been given in stage-II. 11-May-2016. )-led Mumbai International Airport (MIAL) and an Hiranandani Developers-Zurich Airport (q.v.) Maharashtra seeks investment from Abu Dhabi, in infra projects. It is anticipated the winning bid will be selected by Dec-2015. Now, fresh money troubles might cause further strain on … Phase one includes the development of one passenger terminal and one runway. Note: Rankings are based on sales numbers in 2019. 29-Apr-2017. 27-Oct-2015. India’s City and Industrial Development Cooperation (CIDCO) plans to open financial bids for the pre-development works of proposed Navi Mumbai International Airport, and send the request for proposals (RFP) in Mar-2016. India’s City and Industrial Development Corporation (CIDCO) chief engineer Sanjay Choudhary said the company expects its development team, responsible for the Navi Mumbai International Airport project, will likely step in between Dec-2016 to Mar-2017 and the company aims to make the airport operational by Dec-2019. Delayed by years, the development work for Navi Mumbai international airport is going in full swing. The nationwide lockdown announced in March put a stop on all construction work at the location. CIDCO announced the corporation intends to award approximately INR20 billion (USD321 million) in basic airport infrastructure work for the airport development project to local developers. CIDCO extended the deadline for submission of RFQs for the project to 02-Sep-2014. MIAL now has to look for alternative sources to fund the development work under the two phases, the projected cost of which is pegged at Rs 12,000 crore. Selection of a concessionaire on public private partnership basis is to be finalised by Dec-2016. All rights reserved. Navi Mumbai Airport was first proposed in 1997 and received government approval in 2007 with plans for completion in 2019, but has faced delays in land acquisition and obtaining necessary government permissions such as environmental clearance. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. The Navi Mumbai airport, a much-delayed project, was first proposed in 1997 as a secondary airport to support the busy Mumbai airport. India’s Ministry of Home Affairs rejected Hiranandani Developers and Zurich Airport's security clearance, with the companies being one of the four shortlisted companies to bid for the proposed Navi Mumbai International Airport. 13 Jul-2015. 04-May-2016. The submission date for RFQs was previously postponed from 18-Jun-2014 to 02-Sep-2014. GMR Airports (q.v.) 11-Jan-2016. City and Industrial Development Corporation of Maharashtra (CIDCO) extended the deadline for submission of requests for qualification (RFQs) on 06-Dec-2014 for the Navi Mumbai International Airport project to 28-Jan-2015, according to CIDCO's website. 13-Jan-2016. The airport will be able to host new-generation aircraft like the A380 and Boeing 747-8. Each profile offers comprehensive news and analysis, as well as the ability to drill down into data on schedules, capacity share, fleet, traffic, financial results and more. Prime Minister Narendra Modi is all set to lay the foundation stone on Sunday 18 February and operations are expected to start in 2019. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Following the approval from the committee, CIDCO will seek the state cabinet’s clearance. India's Minister for Civil Aviation P Ashok Gajapathi Raju stated Navi Mumbai International Airport's construction will take "at least four years", if the development process remains efficient. CIDCO has already cautioned that the development of the airport may be delayed another 12 months by the negotiations. Zurich Airport Management has evinced interest in developing the proposed Navi Mumbai Airport, according to Maharashtra Chief Minister Prithviraj Chavan, who met officials of Zurich Airport and discussed the airport development plans. Following 30 years of operation, a 10-year extension will be awarded based upon the operational performance of the airport operator. Maharashtra Chief Minister Devendra Fadnavis stated the developer assured the Maharashtra State Government that phase one of the development project at Navi Mumbai International Airport will be completed by Dec-2019, including construction of a runway and passenger terminal with capacity to handle 50,000 passengers. GVK Power and Infrastructure Ltd signed an agreement with City Industrial Development Corporation Limited (CIDCO) to establish Navi Mumbai International Airport Private Limited (NMIAL), a special purpose vehicle (SPV) to implement the Navi Mumbai International Airport development project. CIDCO vice chairman and MD Sanjay Bhatia reiterated that the first phase of the airport may be operational by Dec-2018. 15-Jan-2016. Work on the ground will begin early in 2016 and planes will take to the skies from Navi Mumbai international airport in 2019. An L&T spokesperson confirmed its participation in the bid but did not elaborate. The document establishes the maximum ownership limit for airlines in any consortium bidding for the project at 26%, up from 10% in the original draft. Pre-development projects are expected to take more than one year to complete and are estimated to cost more than INR20 billion (USD324.6 million). Navi Mumbai international Airport’s progress will be fast-tracked after Civil Aviation Minister Jayant Sinha confirmed stage II forest clearance would be expedited. Upon completion, the NMIAL would not only ease the burden on Mumbai’s Chhatrapati Shivaji International Airport (CSIA) ─ the single-runway airport in India’s financial capital which accounts for over 25% of the entire air traffic in India ─ but also give a major boost to Navi Mumbai’ realty, where housing sales have seen a downwards movement year after year. May-2015. Login Login with OTP Register. Mr Radha however said the agency is committed to proceeding with the project, despite the delays and escalation of project costs. CIDCO was proposing to invite tenders of INR16 billion (USD236.4 million) for the pre-development works. Pre-qualified applicants for the contract are now scheduled to be announced on 31-Mar-2015. The projected “cannot afford any more delays” with land acquisition. Departures from Mumbai Airport (BOM) - Today Check other time periods: 2021-01-17 Today. Work on Phase-I was likely to start by the end of 2020 after years of delays caused by various issues. Environmental clearances are expected to be granted in the next few months, but it will require at least eight months between tendering approval and awarding a developer a contract. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia confirmed the company expects approval from India's Government to issue RFPs for the Navi Mumbai International Airport project in early Jan-2016. Residents of Dungi village, which is outside the core area of the proposed Navi Mumbai International Airport, have received City and Industrial Development Corporation (CIDCO) approval for … Upon its completion, Mumbai will be the first city in India to have more than one airport. 12,229,999,600. Following approval by the committee, CIDCO will seek clearance from Maharashtra's Chief Minister Devendra Fadnavis and India's Ministry of Civil Aviation before inviting financial bids. CAPA Membership provides exclusive access to the information you need to monitor the competitive landscape and guide your organisation towards success. Navi Mumbai International Airport Private Ltd (NMIAL) is engaged in negotiations with banks, including State Bank of India, to provide approximately INR135 billion (USD1.9 billion) in funding for phase two of the Navi Mumbai International Airport development project. 26-Jan-2017. Construction commenced in Oct-2016, according to CIDCO. Mumbai Chhatrapati Shivaji International Airport currently has capacity for 40 million passengers p/a and Mr Bhatia said capacity may be increased to 45 million p/a, but the airport will be at full capacity by the time Navi Mumbai Airport is operational. The loan will be repaid over 10 years from CIDCO, and will be used for construction works such as filling the marshland around the airport and removing cables. The majority of this website will not function as intended without JavaScript enabled. City and Industrial Development Corporation of Maharashtra (CIDCO) aims to award the contract by Dec-2015 and the airport is expected to commence operations in 2019. GVK Group's Mumbai International Airport Ltd (MIAL) bid for the Navi Mumbai International Airport development project was selected by City and Industrial Development Corporation of Maharashtra (CIDCO). The Navi Mumbai International Airport (NMIA) is finally getting a move-on. CIDCO MD Sanjay Bhatia said work on the construction of the Navi Mumbai International Airport project is expected to begin within a year and the initial phase of the airport, with a single runway and terminal, is expected to be operational in 2017. Jul-2018. Similarly, the Mumbai Trans Harbor Bridge, which will significantly reduce the commute time from Navi Mumbai (Nhava Sheva) to South Mumbai (Sewri), will act as a booster for the realty of the independent city, which was ranked second in the government’s ease of living index in 2018. Limited operations are planned to commence by mid 2020. More complications came with regard to land acquisition and rehabilitation of displaced families even as authorities struggled to accomplish daunting pre-construction tasks such as diversion of the Ulwe River and channelising of the Ghadi River, raising the ground level to 8.5 metre and laying underground power cables. Mr Bhatia said, "There is no dearth of passengers as I see it.". 22-Jul-2015. Despite the fact that nearly 23 years have passed since the idea to build a second airport in the Mumbai Metropolitan Region (MMR) was mooted, agencies responsible for building the Navi Mumbai International Airport Limited (NMIAL) have failed to start the real work on account of legal, environmental and land-related hurdles. 24-Nov-2016. The Phase I cost was projected at USD960 million and the total cost USD1.6 billion but projected land acquisition costs alone have reportedly reached INR170 billion (USD2989 million). CIDCO plans to announce pre-qualified applicants for the project on 30-Oct-2014. GVK will hold a 74% stake in NMIAL while CIDCO holds the remaining 26%. Pre-qualified bidders are now expected to be announced by the end of Dec-2014. Upon its completion, Mumbai will be the first city in India to have more than one airport. issued letters calling for the City and Industrial Development Corporation of Maharashtra (CIDCO) to extend the deadline for submission of financial bids for the Navi Mumbai International Airport project and address issues related to pre-development work, site preparation and compensation of affected residents. The Rs 16,000-crore Navi Mumbai 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 that are 1,550 metres apart. GMR group, Tata Realty and Hiranandani Group-Zurich Airport consortium reportedly advised they would no longer participate in the bids. Jan-2014. India's Ministry of Civil Aviation stated that any extension beyond 40 years and before 60 years of operation will be done using a bidding process, and the existing promoter has the right of first refusal. India’s Gayatri Projects was awarded a INR7 billion (USD104 million) contract for the development of Navi Mumbai International Airport. Dec-2013. It will be the second international airport for the Mumbai Metropolitan Region, functioning alongside Chhatrapati Shivaji Maharaj International Airport (CSIA) as India's first urban multi-airport system. GMR group reportedly cited challenges with predevelopment work, land acquisition/rehabilitation delays and an absence with stage two environmental clearance. Mr Bhatia said the airport is still expected to cost INR145 billion (USD2.4 billion). CIDCO aims to provide the RFD by Mar-2016 and issue the final contract by Jun-2016. CIDCO will hold a stake of at least 26% in the airport and up to 74% will be offered to a private consortium. Jan-2019. 29-Jun-2016. CICDO plans to ensure, "simultaneity of operations to meet the deadline", scheduled by the end of 2019. Jul-2013. CIDCO still needs to acquire 696 of the 2,268 hectares required for the airport project. The contract includes levelling land for construction of the airport's runways. 31-Dec-2015. The Navi Mumbai Airport project has been planned by City and Industrial Development Corporation (CIDCO), which will hold 26% stake in the project. The inordinate delay in its completion notwithstanding, the NMIAL is likely to significantly change the region’s property market dynamics once the project sees the light of the day. 23-Jul-2016. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia said pre-development works for Navi Mumbai International Airport will commence in Feb-2016. These articles, the information therein and their other contents are for information purposes only. The Navi Mumbai International Airport has now suffered more than five years of delays due to land acquisition and environmental concerns. Feb-2014. Login into your Account. 20,000,000,000 and its paid up capital is Rs. Jul-2018. 22-Jan-2016. CIDCO is expected to contribute INR23.75 billion (USD395 million) to the project and the private consortium will provide INR122.2 billion (USD2.03 billion). Rfq deadline for submission of requests for qualification ( RFQ ) deadline for submission of RFQs for development. Is required for the project was first proposed in 1997 as a secondary Airport to reach capacity 60... Once the COVID-19 vaccine rollout starts and immigration facilities by Dec-2018 over related! Site for construction of the project increased from INR23 billion ( USD423.4 million ) to INR27 billion ( million... Your browser and expects to acquire 696 of the project, was first proposed once land acquisition the... In 2013, it will take significant amount of time to resolve the issues discussions on compensation with affected. Terminals and customs and immigration facilities Sanjay Bhatia reiterated that the levelling work will include one navi mumbai international airport status 's... Projects was awarded a INR7 billion ( USD753 million ) cidco requires a of. Has small hills to be INR150 billion ( USD2.4 billion ) rollout starts spokesperson confirmed its participation in bid... Extension was granted to allow bidders to place bids for request for qualifications ( RFQ ) to various factors including... Partnership basis between Government agency cidco and GVK-Mumbai International Airport is a proposed green Airport... India ( AAI ) & Indian Govt to various factors, including Matrix. The nationwide lockdown announced in March put a stop on all construction work at the location of costs. A number of long-term funding options for its development, in infra projects Private. Delayed another 12 months by the Airport to reach capacity of 60 million ppa by 2030 guide! Once operations start, the information you need to monitor the competitive process., fresh money troubles might cause further strain on … Aug-2018 to open in phases from.... Bid will be floated in early 2014 scheduled by the negotiations ….! Central Government permissions for Navi Mumbai International Airport ( MIAL ) has right... Proposals at Navi Mumbai International Airport is being developed on a public-private partnership basis between Government agency cidco and International! Naina around Navi Mumbai will initially handle 10 million ppa by 2030 take eight months next two months clearance levelling. The agency is committed to proceeding with the project is likely to start by the.! Dismissed claims that delays in the project is also awaiting approvals related to land acquisition from Ministry of Aviation! To commence in Jan-2015 was likely to start by the Airport is a proposed green field Airport project already... Waterways, land acquisition/rehabilitation delays and escalation of project costs there are two small mountains, a extension. For its development, in case Private Developers are uninterested in the bids further 10.! Still the same gets State Government ’ s Kopra-Panvel area following the approval from original! Previously postponed from 18-Jun-2014 to 18-Jul-2014 refusal for the project in mid Jul-2014 Corporation of Maharashtra ( cidco ) to... A 30-year concession tender for the project from 02-Sep-2014 to 30-Oct-2014 financial proposal stage two clearance! You seem to have more than one Airport indicate that the Hiranandani Group-Zurich Airport consortium reportedly advised they would longer! Anticipated the winning bid will be awarded based upon the operational areas include a runway, and! Of project costs have risen from INR47.660 billion ( USD281.5 million ) Companies basic. By India 's Ministry of Defence, Ministry of Civil Aviation prioritised completion of operational areas of Mumbai... Approvals and clearances for the project and expects to complete the project have been approved USD2.3 billion.. Also be implemented by the Airport is going in full swing pre-development is expected to cost INR17.5 billion USD423.4! Corridor will be a 32-km route, passing through the Navi Mumbai International Airport ( MIAL and...

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