Centre, Maharashtra agree on PPP for airport in Navi Mumbai

The international airport proposed for Navi Mumbai would be built by 2012 at an estimated cost of about Rs 4,000 crore, with a capacity to handle nearly 55 million passengers annually.

The new international airport, which is likely to come up at Copra-Panvel area, would be built through public-private partnership (PPP) — with private sector partner getting 74% equity while Airports Authority of India (AAI) and Maharashtra government (through City and Industrial Development Corporation or Cidco) holding 13% each.

“We hope to start and complete the bidding process in 2007, and to build the airport by 2012 and not later than that. At least the first phase should be over by 2012.

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