Proposed cargo hub in Nagpur gets shot in arm

The proposed cargo hub project here got a boost on Monday when the Maharashtra Airport Development Company and Airports Authority of India signed an MoU for promoting the International Cargo and Passenger Hub Airport at Nagpur.

According to the Maharashtra Information Centre, New Delhi, the MoU envisaged development of a Multi-model International Hub Airport (MIHAN), the first of its kind between Southeast Asia and Europe.

According to the MoU, the Nagpur airport will be handed over to a new joint venture company in which MADC and AAI will have 51 and 49 per cent equity respectively.

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