Land deal of Navi Mumbai airport may complete by January 15
Awaited Navi Mumbai International Airport deal
Maharashtra Government may complete the land deal of Navi Mumbai Airport by January 15, 2015. As we all know that land acquisition deal of Navi Mumbai International Airport is much awaited, but now it is ready to takeoff in 2015.
The long awaited Navi Mumbai International Airport deal is finally ready for takeoff and it is expected that by January 15, 2015 this land acquisition deal will be completed. But still it is major challenge for Maharashtra Government to complete the deal in required time frame. CIDCO (City & Industrial Development Corporation) will launch the pre-construction development work in less than 30 days and tenders for the project is expected to be issue in the first half of 2015. The total area of land is 2,268 hectares which has to be acquired for this new international airport, however the process took time, it is now almost over. 90 per cent of the land required has been taken over and compensation in the form of 22.5 per cent developed land is being handed over to the project affected people. According to officials, we want to start pre-construction development work as soon as possible and this pre-construction development work will include reclamation of marsh land, increasing the level of land above sea level, flattening of one or two hills and diversions of road.
CM of Maharashtra, Devendra Fadnavis announced in the state assembly elections that his target is to make Navi Mumbai International Airport operational by 2019. As in present the traffic on Chhatrapati Shivaji International Airport at Santa Cruz in Mumbai is too high with 700 landings per day and it is expected that by 2017 this Airport will reach to saturation level. CIDCO’s (City & Industrial Development Corporation) format of providing 22.5 per cent land to the project affected people has been by and large accepted by most farmers and land holders. Total out of 1,194 land owners whose 671 hectare land is being taken for the main airport structures, 1,134 have already signed the documents and have accepted the compensation. According to 22.5 per cent formula more than 86 hectares of land has been allotted to the project affected persons, as per the statement of CIDCO officials.
This new second airport in Mumbai will be built on a ‘design-build-operate and transfer’ basis through public-private partnership, the pre-qualification discussions were attended by many companies such as GMR, GVK, IL&FS, Tata Realty, ESSEL Infra, Ferrovial, Zurich Airports and Vinci. The other main condition for the developer is that developer should offer the hortest period in recovering the cost and handing over the project back to the government, whereas the bidding process has been estimated to be open in first half of 2015.
The Central Government of India, approved the state’s proposal to make available for an airport developer the share from the non-aeronautical revenue, which means hat the major hurdle for competitive bidding has been resolved with the extension of the clause. But here the developer will get the extra in the form of sharing in profitability of outlets, shops, parking and other sources of revenue on long term basis.
