The new international airport for Navi Mumbai, destined for the Kopra-Panvel area, will be built through public-private partnership (PPP) — with private sector partners having 74% equity and the Airports Authority of India (AAI) and Maharashtra government (through City and Industrial Development Corporation or CIDCO) each holding 13 per cent.

• The airport, to be built at a cost of Rs 2,787 crore
• Airport will have a capacity of 10 million passengers per year.

The City and Industrial Development Corporation (Cidco) says it will meet the 2012 deadline for completion of the airport’s first phase.

Via- BS

Published on 29 Jan 2008 | Company & Markets| Economy & Policy

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