New Delhi: India has asked for interest from global companies to build and operate a new airport in Navi Mumbai, estimated to cost nearly $2 billion initially, in the outskirts of the financial capital to meet growing air traffic.
The airport will be built in partnership with the government, and will be expanded over four phases. Air passenger traffic via Mumbai is expected to exceed 40 million by 2017 and more than 100 million by 2030, according to a state agency study.
The government released on Wednesday the initial documents for the two-stage bidding process for the airport, which is planned to be operational by 2017.
The first two phases are estimated to cost 95 billion rupees, while there will be a pre-development cost of 23.58 billion rupees, the City and Industrial Development Corp. of Maharashtra Ltd (CIDCO), state agency said.
The airport, proposed to be developed over an area of 1160 hectares, will start with a capacity to handle 10 million passengers a year and will have an ultimate annual capacity for 60 million passengers a year, after expansion.
Mumbai and New Delhi are the two major international air gateways in India. The existing Mumbai airport, run by a consortium of infrastructure firm GVK and the state-run airport operator, recently increased its passenger-handling capacity by opening a new terminal.
The joint-venture company running the Mumbai airport has a right of first refusal for the new airport.
The airport will be built in partnership with the government, and will be expanded over four phases. Air passenger traffic via Mumbai is expected to exceed 40 million by 2017 and more than 100 million by 2030, according to a state agency study.
The government released on Wednesday the initial documents for the two-stage bidding process for the airport, which is planned to be operational by 2017.
The airport, proposed to be developed over an area of 1160 hectares, will start with a capacity to handle 10 million passengers a year and will have an ultimate annual capacity for 60 million passengers a year, after expansion.
Advertisement
The joint-venture company running the Mumbai airport has a right of first refusal for the new airport.
Advertisement
© Thomson Reuters 2014
COMMENTS
Advertisement
"Matter Of Great Pride": What PM Narendra Modi Said On Vinesh Phogat's Paris Olympics 2024 Feat Moto G45 5G India Launch Date Set for August 21; Design, Colour Options, Key Features Revealed Will India Host Women's T20 World Cup 2024 In Place Of Bangladesh? Jay Shah's Response Mamata Banerjee's Sunday Ultimatum To CBI For Death Penalty In Rape-Murder Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death "Don't Expect Anything From Me": Kolkata Hospital's New Principal Loses Cool Will Messages From Budget Session Of Parliament Find Reflection In Subsequent Sessions? Mpox Outbreak Could Soon Turn Into The Next Global Pandemic. Know More Deadly Mpox Variant On The Rise; Sweden, Pakistan Confirm 1st Cases Track Latest News Live on NDTV.com and get news updates from India and around the world.