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GVK asks CIDCO to share PM Modi’s Navi Mumbai Airport inauguration expenses

Different agencies, including GVK, spent over Rs 10 crore for arrangement and publicity for Prime Minister Narendra Modi’s visit to Navi Mumbai to lay the foundation stone of the proposed Navi Mumbai International Airport at Konbdbhuje Village in Navi Mumbai on February 18.

PM laid the foundation stone of the new airport and also inaugurated the fourth container terminal of the JNPT. Later, he inaugurated the ‘Magnetic Maharashtra’ summit at Bandra Kurla Complex in Mumbai.

The airport is slated to come up on 1,160 hectare land at an estimated cost of Rs.16,000 crore. Maharashtra Governor C.Vidyasagar Rao, Chief Minister Devendra Fadnavis, Civil Aviation Minister P. A. Gajapathi Raju, Union Transport Minister Nitin Gadkari, top G V K and CIDCO officials and others were present during the inaugural function.

A special entity the Navi Mumbai International Airport Pvt. Ltd (NMIAL) has been created, in which GVK Power & Infrastructure Ltd (GVKPIL), through its subsidiary, ‘Mumbai International Pvt Ltd’, holds 74 per cent equity, while the rest is held by the City & Industrial Development Corporation. CIDCO.

CIDCO had entrusted the work of making arrangement for the programme to GVK. Accordingly three helipads were set up, a huge shamiana equipped with CCTV was raised and a sizable amount was spent on publicity, food and other aspects.

Now the GVK has sent a bill for Rs. 10.34 crore to CIDCO asking it to share the cost of the bill.  Tentatively if GVK bears 40 per cent of the cost, CIDCO and JNPT will have to pay the balance amount. A spokesman for CIDCO Mohan Ninawe confirmed having received the bill from GVK and added that the decision about this will be taken by CIDCO board.

The staggering amount of the bill includes: event management Rs 3.44 crore, setting up approach roads Rs 3.30 crore, advertisements in newspapers and other media Rs 1.20 crore, contingency expenditure Rs 50 lakh, CCTV installation Rs.15 lakh, lunch/breakfast Rs 10 lakh, parking Rs 5 lakh, miscellaneous expenses one lakh rupees, amount spent for obtaining permissions for the function from different local authorities-one lakh rupees and 18 per cent GST on the entire amount Rs 1.58 crore.

The greenfield airport, is to be constructed with Public-Private Participation mode on the mainland in Navi Mumbai, across the Mumbai harbour, with the advantage of the upcoming Mumbai Trans-Harbour Link, a Special Economic Zone and other major infrastructure developments. It will be the second international aviation hub for Mumbai, presently served by the Chhatrapati Shivaji International Airport, which has almost achieved saturation point.

CIDCO will complete the first phase, which would includes construction of runway and airport building by December 2019, with a plan to handle annually one crore passengers. In the second phase, the passenger handling capacity will be augmented by 2.5 crore and in the third phase, which will be completed by 2025, the passenger handling capacity will reach up to 6 crore.

CIDCO, which holds 26 per cent stake, will foot the pre-development expenses which will be later recovered from GVK, besides getting a 12.6 per cent share in the annual revenue from the mega-project.

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

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