Navi Mumbai International Airport Ltd achieved a ‘major milestone’ two months ago, giving authorities the confidence to complete the much-delayed project by December 2024.
Navi Mumbai International Airport
After a string of missed deadlines, the Navi Mumbai International Airport, for which Prime Minister Narendra Modi laid the foundation stone in 2018, is possible to be commissioned for operations by December 2024.
The project intersected a major milestone two months ago when the concessionaire, the Navi Mumbai International Airport Limited (NMIAL), reached economic closure, giving the implementing authorities the confidence to meet this deadline.
Sanjay Mukherjee, the vice-chairman and managing director of the City and Industrial Development Corporation (CIDCO), the state’s implementing authority for the project, said to reporters, “Financial Closure would point that the fund flow of the project has been completed.
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Obviously, that would ensure project milestones are completed and enable the project to be on schedule. All approvals have been obtained. CIDCO’s pre-development work is finished.”
Adani Enterprises Limited is developing the Navi Mumbai International Airport
The NMIAL is a subsidiary of Adani Enterprises Limited and is developing the Navi Mumbai International Airport on a public-private partnership basis with CIDCO.
The much-needed Rs 16,000 crore Navi Mumbai International Airport is praised to be one of the world’s biggest greenfield airports with two parallel runways of 3,700 meters and full-length taxiways, spaced 1,550 meters apart.
Pre-development work was necessary to organize the greenfield site for construction. The work, which began in 2017, involved flattening a hillock, reclaiming marshland, and diverting a river at the site.
The concessionaire, Mukherjee told, has reported to CIDCO in writing that the airport will be commissioned for operations on or before 31 December 2024.
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