The Maharashtra government’s town planning authority, the City and Industrial Development Corporation (CIDCO), has handed over the entire 2,866 acres of land to Adani Enterprises, the concessionaire for the development of greenfield Navi Mumbai International Airport.
CIDCO has managed to evict all 3,070 structures in the project area of the proposed international airport, which will be the second airport for the country’s financial capital. The town planning body is also close to completion of the rehabilitation of more than 5,000 families from the villages that fall under the area.
With this, CIDCO has achieved an important milestone in the development of the airport project, which is being developed by Navi Mumbai International Airport Pvt Ltd (NMIAL), a subsidiary of Adani Enterprises.
“CIDCO has successfully completed the important milestones of the airport project till date due to the cooperation of the PAPs (project-affected persons) of Navi Mumbai International Airport. The challenging task of clearing the airport site was no exception to it. The work of Navi Mumbai International Airport is proceeding as per the scheduled timelines and the project is on track,” said Sanjay Mukherjee, Vice Chairman and Managing Director, CIDCO.
CIDCO is developing the international airport project on an area of or over 2,866 acres (1160 hectares) by acquiring 10 villages in Panvel area of Raigad district near Mumbai.
Considering the contribution made by the PAPs from these villages for a nationally important project, CIDCO has already provided them a comprehensive rehabilitation package as approved by the government of Maharashtra.
As part of this package, for the rehabilitation of those affected by the airport project, CIDCO is developing Pushpak Nagar, a complete rehabilitation and resettlement area with all the physical, social and cultural infrastructure near the airport area.
“For this international airport project, CIDCO received excellent cooperation from the PAPs at every stage. So far, 3,070 buildings in the airport core area have been evicted by CIDCO. Rehabilitation of more than 5,000 families from these evicted buildings to the rehabilitation and resettlement area is near to completion,” CIDCO said in a statement.
In March, Adani Enterprises’s subsidiary and concessionaire Navi Mumbai International Airport Private Ltd had announced achieving financial closure for the greenfield international airport with the execution of financing documents with the State Bank of India. The SBI has underwritten the entire debt requirement of Rs 12,770 crore for the airport project.