Maharashtra's Chief Minister Devendra Fadnavis reported phase one development of Navi Mumbai International Airport is expected to be completed and commissioned by mid 2020. 07-Dec-2015. Works include levelling terrain and land reclamation and are expected to take more than one year at a cost of INR17 billion (USD270 million). Land clearing and non-construction preparatory works for the development are expected to start within six months. CIDCO aims for land and sea transport connectivity projects to be complete by 2017/18. India's Minister of State for Civil Aviation Dr Mahesh Sharma confirmed the government granted in principle approval for the development of 13 new airports at cities including Mumbai. CIDCO issued a tender for the contract to develop land at the core aeronautical area for the airport project. Jul-2018. Remember me ‘Maharashtra State Government's Project Management and Implementation Committee (PMIC) approved Mumbai International Airport Ltd's (MIAL) bid for a contract to develop Navi Mumbai International Airport. The tender for the pre-development work was scheduled to be opened on 05-Jan-2016. )-led Mumbai International Airport (MIAL) and an Hiranandani Developers-Zurich Airport (q.v.) Pre-qualified bidders are now expected to be announced by the end of Dec-2014. Navi Mumbai International Airport is already one-step closer to transforming the urban map of Navi Mumbai. ), the JV of Tata Realty (q.v.) 12,229,999,600. The airport will be able to host new-generation aircraft like the A380 and Boeing 747-8. For travel advisories, precautionary measures and other information related to the Covid-19 situation, The CIDCO has approved Rs 2,820 crore for the project. As against 16,787 units sold during 2017, only 15,533 homes were sold in the 25 key localities of Navi Mumbai in 2019, shows PropTiger.com data. Dec-2014. 05-Aug-2015. Financial bids are due by Aug-2015 and a contractor is expected to be appointed in Oct-2015. The Navi Mumbai Airport is a greenfield airport, under construction at the Ulwe Kopar Panvel road in Maharashtra. India's Government approved a revised tender document for the project in mid Jul-2014. Official Chatrapati Shivaji International Airport website - live flight details, arrivals & departures, news & advice, Parking at Mumbai Airport. India's Ministry of Civil Aviation (MoCA) and Navi Mumbai International Airport Private Ltd (NMIAL) signed a MoU for the execution of the Navi Mumbai International Airport development project. CIDCO chairman Pramod Hindurao said: “We are not looking at it as a political issue. The airport, once ready for operating services is expected to … CIDCO is expected to contribute INR23.75 billion (USD395 million) to the project and the private consortium will provide INR122.2 billion (USD2.03 billion). Home » Current News » Impact of Navi Mumbai International Airport on property prices. CIDCO proposes to seek the project monitoring committee’s approval in order to issue a formal request for proposal (RFD) to the airport bidders. Navi Mumbai International Airport's estimated development cost of INR167 billion (USD2.4 billion) reportedly increased 250% from the INR47.7 billion (USD692.6 million) when its plan was formulated in 2006/07. The first phase of construction is expected to be complete by Dec-2019 and require investment of an additional INR35 billion. Despite being a hotbed of affordable realty lying among scenic beauty, Navi Mumbai realty hasn’t been able to get the attention expected to receive when plans were first made to create a city parallel to the country’s commercial nerve centre Mumbai, during the 1970s, when it became clear the space-starved Maximum City was on the verge of a population explosion. and Vinci Concessions (q.v.) It is anticipated the winning bid will be selected by Dec-2015. The fully constructed airport will handle 60 million passengers in a year. GVK Group's Mumbai International Airport Ltd (MIAL) bid for the Navi Mumbai International Airport development project was selected by City and Industrial Development Corporation of Maharashtra (CIDCO). City Industrial Development Corporation Limited (CIDCO) representatives informed India's Ministry of Environment and Forests land reclamation and construction works for phase one of the Navi Mumbai International Airport development project will take at least two years to complete and the airport will not be equipped to commence operations until 2020 at the earliest. An L&T spokesperson confirmed its participation in the bid but did not elaborate. India’s City and Industrial Development Corporation joint MD V Radha said contractors involved with the construction of Navi Mumbai International Airport “are expected to mobilise their machinery in a month”. 12-Oct-2016. 11-Feb-2016. Login into your Account. CAPA Membership provides exclusive access to the information you need to monitor the competitive landscape and guide your organisation towards success. The nationwide lockdown announced in March put a stop on all construction work at the location. Maharashtra's Government plans to invest almost USD16 billion over five to six years to accelerate various infrastructure projects, including Navi Mumbai International Airport. NMIAL expects to complete and commission phase one of Navi Mumbai by the end of 2021, two years later than the Dec-2019 launch date set by the Maharashtra State Government. Navi Mumbai Airport unlikely to be functional before 2024. Navi Mumbai International Airport is a proposed green field airport project located in Mumbai’s Kopra-Panvel area. India's Minister for Civil Aviation P Ashok Gajapathi Raju stated Navi Mumbai International Airport's construction will take "at least four years", if the development process remains efficient. The initial draft of the tender document was originally submitted in early 2013 and the revised version was submitted in Mar-2014. Navi Mumbai International Airport Private Limited is a Private incorporated on 26 March 2007. India's Pune district collector Saurabh Rao advised the revenue department formed a six member team including three from Maharashtra Airport Development Company's revenue department, to assess/review the Navi Mumbai rehabilitation project model. India's Ministry of Environment, Forest and Climate Change National Board for Wildlife withdrew a requirement for the establishment of a mangrove sanctuary as part of the Navi Mumbai International Airport project. CIDCO is reportedly concerned that unless it swiftly reaches an agreement with PAPs to avoid further delays, which could endanger the future of the project. Maharashtra seeks investment from Abu Dhabi, in infra projects. India’s Ministry of Home Affairs rejected Hiranandani Developers and Zurich Airport's security clearance, with the companies being one of the four shortlisted companies to bid for the proposed Navi Mumbai International Airport. CICDO plans to ensure, "simultaneity of operations to meet the deadline", scheduled by the end of 2019. Mr Bhatia confirmed the tender for pre-development works will by awarded by the end of Dec-2015. Mumbai International Airport (MIAL) has first right of refusal on the project. AAI is reportedly preparing a number of long-term funding options for its development, in case private developers are uninterested in the bidding process. Navi Mumbai International Airport Private Ltd (NMIAL) is engaged in negotiations with banks, including State Bank of India, to provide approximately INR135 billion (USD1.9 billion) in funding for phase two of the Navi Mumbai International Airport development project. Jan-2018. Maharashtra chief secretary Swadhin Kshatriya reported all central government permissions for Navi Mumbai International Airport have been approved. India's Minister of State for Civil Aviation Jayant Sinha stated the government expects to complete the first phase of Navi Mumbai Airport in 2020 by making one runway and one terminal operational. Deemed as a Greenfield airport, Navi Mumbai Airport will spread over nearly 2900 hectares (7200 acres), including an area of 1160 hectares for the construction of airport terminals . 22-Jan-2016. MIAL will hold 74% stake in the project; the rest is with CIDCO. Limited operations are planned to commence by mid 2020. India’s City and Industrial Development Corporation (CIDCO) proposes to seek the next step in the bidding process of Navi Mumbai International Airport in mid Feb-2016. The overall cost of land development for the project increased from INR23 billion (USD380 million) to INR27 billion (USD446 million). CIDCO received bids from GMR Group, Mumbai International Airport, a consortium of MIA Infrastructure and Tata Realty and Infrastructure and a consortium of Flughafen Zurich and Hiranandani Developers. 09-Mar-2015. May-2014. Projected project costs have risen from INR47.660 billion (USD753 million) to INR145.73 billion (USD2.3 billion). CIDCO acquired 94% of the 1160 hectares required for the project and expects to acquire the remainder in the next two months. Dec-2013. Here is what we know so far about the status, location, launch date of Mumbai’s second airport: Location of Navi … The site has small hills to be cleared and a river that requires diversion. CIDCO expects the airport could begin operations with a single runway as early as 2018. CIDCO plans to launch the request for qualification process from 05-Feb-2014. A tender for the work has been issued. How so? Navi Mumbai Airport: Get Navi Mumbai Airport Latest News, Videos and Photos also find Breaking news, updates, information on Navi Mumbai Airport. 19-Aug-2016. 04-Jan-2016. India’s Gayatri Projects was awarded a INR7 billion (USD104 million) contract for the development of Navi Mumbai International Airport. 27-Jul-2015. Other reports indicate that the Hiranandani Group-Zurich Airport consortium also advised they would no longer participate in the bid. The airport is expected to open in phases from 2019. CIDCO requires a total of 1200 consent letters covering 671ha of land across 14 villages. The concession period covers 30 years, with the option to extend for a further 10 years. The Navi Mumbai International Airport has now suffered more than five years of delays due to land acquisition and environmental concerns. A GMR Airports spokesperson stated, "We are not bidding on account of project implementation and execution challenges as well as erroneous timelines and bid conditions." A global construction tender will be floated in early 2014. Maharashtra State Government confirmed that it still needs to acquire 291 hectares of land for the Navi Mumbai International Airport development. CIDCO expects the airport to be commissioned by 2019. The airport was being planned to handle 10 million passengers in the phase one, but the terminal will now be built to handle 20 million. CIDCO VC and MD Sanjay Bhatia said the Ministry of Civil Aviation (India) has already approved for the next step of the bidding process. India's Ministry of Civil Aviation will review request for proposal (RFP) documents for the Navi Mumbai International Airport project on 30-Dec-2015. GMR Airports (q.v.) India's Maharashtra Chief Minister Devendra Fadnavis advised all approvals for the Navi Mumbai International Airport project are in place and first service will launch by Dec-2016. Navi Mumbai will be Mumbai's second airport. Once operations start, the NMIAL would create job opportunities for as many as four lakh people. A global request for qualification (RF… As a result, the airport development may not be completed by its designated timeframe. Sep-2014. India’s City and Industrial Development Corporation (CIDCO) announced the RFP process for Navi Mumbai International Airport has been extended due to security clearances required of the four short-listed bidders from India’s Ministry of Home Affairs, including GMR Infrastructure, GVK Power and Infrastructure, Zurich Airport with Hiranandani Developers, and MIA Infrastructure of France with Tata Realty. Any equity allocation to AAI will reportedly be from CIDCO's 26% stake, with a charge for the stake. GMR group reportedly cited challenges with predevelopment work, land acquisition/rehabilitation delays and an absence with stage two environmental clearance. Pre-qualified applicants for the contract are now scheduled to be announced on 31-Mar-2015. City and Industrial Development Corporation of Maharashtra (CIDCO) vice chairman and MD Sanjay Bhatia said financial bids for the Navi Mumbai International Airport project are likely to open on 20-Jan-2016. Each profile offers comprehensive news and analysis, as well as the ability to drill down into data on schedules, capacity share, fleet, traffic, financial results and more. The airport will be built through a public-private partnership (PPP) under a design, build, finance, operate and transfer (DBFOT) agreement. India’s Minister of State for Home Affairs Haribhai Parathibhai Chaudhary stated that security clearance for GMR Airports Limited, MIA Infrastructure Pvt Ltd and Mumbai International Airport Private Limited were granted for the development Navi Mumbai International Airport. 04-May-2016. Now, fresh money troubles might cause further strain on the project, which has already seen cost escalations since projections were first made with regard to funding (for Phase-I, costs have escalated 50% since as against 2013 projections to nearly Rs 136 billion from Rs 90 billion). The onus is now on the state government.” The airport still requires permission to relocate 650 farmers currently located on the airport site, and the state government needs height clearance from the aviation ministry. City and Industrial Development Corporation of Maharashtra (CIDCO) said no further approval would be required from the Ministry of Environment and Forest (MoEF) for the Navi Mumbai International Airport project after MoEF gives its final approval, which is expected in late Jun-2016 or early Jul-2016. Login Login with OTP Register. The project is set to complete in 2021. CIDCO intends to finalise selection of a candidate to undertake pre-development works for the Navi Mumbai International Airport project by the first week of Mar-2015. With the bids complete, Prime Minister Modi was invited for the ground breaking ceremony for the Navi Mumbai International airport in Mumbai on 18 February 2018. The Rs 16,000-crore Navi Mumbai airport is touted to be one of the world’s largest greenfield airports with two parallel runways of 3,700 metres and full-length taxiways that are 1,550 metres apart. India’s Minister of State for Civil Aviation Jayant Sinha advised that site clearance had been granted for the proposed airport at Bhiwandi and “further development would depend on preparation of Detailed Project Report, its economic viability and financial closure subject to the in-principle approval”. 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