A separate company, Maharashtra Airport Development Company, would be constituted to implement the project. MADC would have equity participation from the Maharashtra State Road Development Corporation, Maharashtra Industrial Development Corporation, City & Industrial Development Corporation and other financial institutions. MSRDC would be the nodal agency for the project, which would be implemented on BOT basis.
The project, estimated to cost Rs 5,000 crore, would be taken up in phases. Of the total project cost, around Rs 2,500 crore would be raised through private participation, while Rs 200 crore would be brought in by the state government for acquiring 2,556 hectares of land. An investment of Rs 1,125 crore is envisaged by 2006 in the first phase of the project.
Monday, March 2, 2009
Nagpur cargo hub project cleared
By A Business Correspondent
The Maharashtra government has cleared the Rs 2,500-crore aviation cargo hub proposed to be developed in the Nagpur aerodrome area in the state. The project envisages developing an international passenger and cargo hub complex along with railway and road freight centres.
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God knows whether this is really happening or not. Since last 2 yrs, in every news we notice "would be", JV company "would be" floated, funds "would be" granted, airport handover "will" happen. will we be lucky enough to see this "would be" converted "has been" in next 50 yrs also?
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