GVK to develop Navi Mumbai international airport
Mumbai International Airport Ltd (MIAL), the GVK-owned consortium running the Mumbai airport has won the bid for the much-delayed, discussed and debated Rs 16,000 crore airport project coming up in Navi Mumbai.
The project is seen as a crucial alternate to the congested airport in the city. The government had initially approved setting up the airport in 2007, but it ran into several environmental and land acquisition problems till the last stages of the final bid. Each stage has been delayed for months, pending clarity and clearances.
The airport will span an area of 2,867 acres with a terminal building of 5,23,000 square meters and two runways.