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Navi Mumbai Date: July 10, 2018, 6:47 pm

Phase-I Of Navi Mumbai International Airport (NMIA) Likely To Be Use-able In 2020

It was stated by the State Chief Minister Devendra  Fadnavis that Phase - I of Navi Mumbai International Airport (NMIA) will be in operation by the End of December 2019. However Civil Aviation Secretary R N Choubey said " Presently, the work of land deployment is in full swing, the pace of work is very good, though it will be very difficult for us to complete the deadline of December 2019". 

The Government now expects to complete the first phase of Navi Mumbai Airport in 2020 by making One Runway and One Terminal Operational.

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The GVK Power and Infrastructure Ltd. has Won the Bid for Navi Mumbai International Airport. The Financial Closure has been Accomplish on July 7. YES Bank will be the lead Bank and mandate lead manager for Phase 1 and Phase 2 of NMIA Project. GVK had Signed the Concession Agreement for the Greenfield Airport Project on January 8, 2018. The Agreement was inked between Navimumbai International Airport Pvt. Ltd and City and Industrial Development Corporation Of Maharashtra Ltd. (CIDCO). 

This Project was first proposed in 1997 and received Government Acknowledgement in 2007, got delay due to Land Acquisition and Environmental Clearance.

The New Airport is considered to be the biggest Investment in the Country around 18,700 Corer to be Invested for Phase- I. 

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