Navi Mumbai International Airport (NMIA)

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Enhancement in aviation facilities for Mumbai is essential to maintain the leadership of the state of Maharashtra in attracting Foreign Direct Investment thereby creating a place of pride for itself and adding to the prosperity of its people. The existing airport at Mumbai, is fast reaching saturation. Therefore a second airport in the Mumbai Region has become imperative. To meet the growing demands of air travel, CIDCO has proposed the development of a new airport at Navi Mumbai.

NMIA is one of the world’s largest ”Greenfield” international airports, currently proposed for development, offering world-class facilities for passengers, cargo, aircrafts and airlines.The proposed second airport for MMR is located at Navi Mumbai for several reasons. Prominent among them is the fact that Navi Mumbai is expected to cater to the future growth in population, business and commercial activities of MMR.The availability of excellent physical and social infrastructure coupled with an environment-friendly site makes the Navi Mumbai Airport project both technically feasible and financially viable.The Airport master plan will be developed in modules, operated and managed to internationally recognized standards.

The airport site is located in an area of 1160 hectares accommodating two parallel runways for simultaneous & independent operations with provision of full length taxi ways on either side of the runways. The airfield has been designed to accommodate the new large aircrafts compatible with International Civil Aviation Organisation (ICAO) Aerodrome Code 4F.

NMIA will support the rapidly growing air travel needs of Mumbai Metropolitan Region. It is expected to absorb annually 10 million passengers in its first operational year 2017, 25 million by 2020 followed by 45 million passengers in 2025 and ultimately 60 million by 2030.

The Navi Mumbai Airport is proposed to be developed through Public Private Participation (PPP). A Special Purpose Vehicle (SPV) will be formed in which CIDCO & its nominees will hold 26% of the total subscribed and paid up equity and the rest will be held by the private developer.

The growth in resident population in Navi Mumbai, rapid development of its Central Business District, coupled with major economic generators such as Special Economic Zone, Jawaharlal Nehru Port, Thane-Belapur and Taloja industrial areas and the huge catchment area ranging from Pune to South Mumbai would ensure a steady growth rate in traffic at the new airport, thus assuring steady revenues to the investors. In addition the project opens-up the state’s vast hinterland rich in agriculture, floriculture, hi-tech high value industries to the world market. Thus the airport will act as a focal point for the emergence of a transshipment centre in the South Asian region.

Ministry of Civil Aviation (MOCA), GOI has given approval for the development of Greenfield airport at the Navi Mumbai and subsequently the State Cabinet, GOM has also approved the development of Navi Mumbai International Airport.

Accordingly, the Prime Consultant appointed by CIDCO, M/s. LBG-INECO-RITES Consortium, USA has prepared the Master Plan, Detailed Project Report etc.

M/s. Hemant Sahai Associates has been appointed as Legal service consultant to prepare the necessary transaction documents for the project.