The state cabinet on Tuesday gave its final approval to the Rs 16,000-crore Navi Mumbai airport project which was held up for nearly one-and-a-half decades over several issues such as land acquisition, environmental reasons and opposition from locals.
The Hyderabad-based GVK group that owns Mumbai International Airport Private Limited (MIAL), which operates the Chhatrapati Shivaji International Airport, had won the bid in February this year.
The bid was awaiting the cabinet approval.
The airport is being developed by City Industrial Development Corporation. CIDCO Managing Director Bhushan Gagrani said, “The bid process is completed now and our full concentration will be on the airport. The first runway will be ready by December 2019.’’
The financial bid offered by MIAL was 12.6 per cent against the 10.44 per cent of the annual gross revenue for the project offered by its rival GMR Airports in the financial bid that was closed on February 13.
The cabinet also approved Thane-Bhiwandi-Kalyan Metro-5 Corridor of 24-km whicih will cost Rs.8,416 crore. The 24-km long Metro corridor will have 17 stations, and the system is designed for sixcoach trains. The expected daily ridership is 2.29 lakh passengers in 2021, 3.34 lakhs in 2031.
The stations on the route will be Kalyan APMC, Kalyan station, Sahajanand Chowk, Durgadi Fort, Kon Gaon, Gove Gaon MIDC, Rajnouli, Temghar, Gopal Nagar, Bhiwandi , Dhamankar Naka, Anjur Phata, Purna, Kalher, Kasheli, Balkumb Naka, Kapurbawdi.
The state cabinet also gave its approval to the Swami Samarth Nagar-Jogeshwari-Kanjurmarg-Vikhroli Metro-6 corridor of 14.5-km costing Rs 6,672 crore.