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MIAL owned by GVK group gets bid to build Navi Mumbai airport

Despite the highest bidding amount of Rs16,000 crore, the Mumbai International Airport Ltd (MIAL) owned by the GVK group will get the award of Navi Mumbai International Airport (NMIA) on the ground of revenue sharing.

GVK-MIAL had offered 12.60 per cent of the revenue share, whereas the second bidder GMR had offered 10.44 per cent of the total revenue share generated by the airport to City and Industrial Development Corporation (CIDCO). The decision was taken by the Project Monitoring and Implementation Committee (PMIC) on Wednesday.

The project is being developed by the CIDCO. GVK owned MIAL had earlier won the bid of greenfield Navi Mumbai International Airport in last February. Tata Realty and Hiranandani had also shown interest in the project but dropped out later. The Project Monitoring and Implementation Committee would recommend its decision to award the project to Cabinet for a final decision. The official said that the final decision is expected by the end of this month.

The project, spread over 1,160 hectares, is designed to be one of the world’s largest greenfield airports. It will have two parallel runways of 3,700 metres and full-length taxiways spaced with 1,550 metres between them, thereby facilitating simultaneous and independent operation of the runways.

The airport, which was mooted 15 years ago, has been on the drawing boards of the Central and State governments and CIDCO for the last 15 years. It has faced environmental and land acquisition problems. On November 22, 2010, final environmental clearance was provided by the Union Environment and Forest Ministry. However, the project could not take off as villagers and landholders refused to accept the compensation. CIDCO continues to negotiate with 950 families on providing alternative accommodation and sources of livelihood.

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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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