Govt approves JV for cargo hub in Nagpur

The government on Wednesday approved the creation of a joint venture firm, comprising Airports Authority of India and Maharashtra government, to construct a multi-modal passenger and cargo hub at the maharashtra airpoat , keeping its geographical location in mind.

The decision, taken by the Union Cabinet, would enable the government to transfer the land owned by the AAI so far to the firm that is a JV between the state-owned airports body and public sector Maharashtra Airport Development Company (MADC) for creation of this hub.

"Approval has been granted to the establishment of the first joint venture (AAI-MADC) and transfer of the land and assets to it," Home Minister P Chidambaram told reporters here. In this JV, AAI would hold 49 per cent and MADC 51 per cent.

The first JV firm would then invite and select a private partner and form a second JV, in which the former would hold 24 per cent equity and the latter 76 per cent, he said, adding that a concession agreement would then be signed between the parties in the second JV.

"The airport will be developed in the public-private partnership (PPP) mode," Chidambaram said.

Project Features Of VCA

( Vidarbha Cricket Association) an Upcoming project of Nagpur, on which the work of construction has started. The project is building cricket stadium of International standards. This project is also on National Highway no.7 at 18Kms from Nagpur.

Project Features Of SAHARA

SAHARA Township , ( Amby-Valley ) Sahara City Homes coming up with Township in 217 cities including Nagpur with min 102 acres on National Highway no. 7 which is connecting to CIDCO.

Project Features Of SATYAM CITY

Satyam Computers has acquired 400 acres of land on National Highway no.7 to develop fully integrated Township on 19 Kms from Zero Mile, Nagpur.

Project Features Of CIDCO

This township assists Nagpur in fulfilling its status as the second capital of Maharashtra. MIDC has developed a few industrial areas around Nagpur. In terms of CIDCO’s participation to this effort, a team of planners has visited the place and prepared feasibility reports and a tentative plan for the construction of the new city. This new development will assist Nagpur in emerging as the latest industrial magnet of India. The proposed CIDCO township has acquired 2500 Acres of land on National Highway no.7 which is a way to our proposed land.

Boeing

Recently Boeing had signed an M.O.U. for setting up their repair center at Nagpur.

Major Projects in Nagpur

A) Project Features Of International Air Cargo Hub (MIHAN):The Government of Maharashtra with the co-operation of Government of India is developing the existing Nagpur airport as Multi-modal International Passenger and Cargo Hub Airport at Nagpur (MIHAN) Project. This includes the upgradation of existing airport to an International standard and expanding it by constructing the second parallel runway, most modern passenger and cargo terminal building with the state of the art facilities for passenger, baggage and cargo handling. The whole design for the airport has been prepared by M/s L & T Ramboll Consultants along with Zurich Airport. They are following the consultants report for the development of airport and other allied facilities.This MIHAN project is supported by the following development.i.International Airportii.Special Economic Zoneiii.IT Park Health Cityiv.Manufacturing Unitsv.Captive Power Plantvi.Rail Road Terminalvii.International Schoolviii.Leading IT companies and other industrial and manufacturing companies have already booked the land in MIHAN, SEZ. Some of them are –M/s Satyam Computer Services LtdM/s Shapoorji Pallonji & Co.M/s L & T InfocityL & TDLFOther companies which have registered their demands for land are Max Aerospace, Go Air, Tata Consulting Services, Patni Computer Systems Ltd. etc.Road and Rail Terminal spread over 400 Acres as logistical center taking geographical advantages of Nagpur.