Navi Mumbai International Airport

Navi Mumbai International Airport is a proposed green field airport project located in Mumbai’s Kopra-Panvel area. Navi Mumbai will be Mumbai’s second airport. Upon its completion, Mumbai will be the first city in India to have more than one airport. The airport is being built through a public-private partnership between the Airports Authority of India (AAI) and the Government of Maharashtra, together with Mumbai International Airports Ltd (MIAL) who is expected to hold 74% of the equity. The airport will be able to host new-generation aircraft like the A380 and Boeing 747-8. India plans to issue a 30-year concession tender for the development and operation of the airport. Following 30 years of operation, a 10-year extension will be awarded based upon the operational performance of the airport operator. India’s Ministry of Civil Aviation stated that any extension beyond 40 years and before 60 years of operation will be done using a bidding process, and the existing promoter has the right of first refusal. In Jul-2016, India’s Minister of State for Civil Aviation Jayant Sinha advised that site clearance had been granted for the proposed Navi Mumbai Airport at Bhiwandi. Navi Mumbai will initially handle 10 million ppa. Construction commenced in Oct-2016, according to CIDCO.

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