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Maha govt comes out with GR to handover forest land for NMIA

Press Trust of India  |  Mumbai 

The has decided to handover 250.0635 hectares of forest land in Raigad district to Cidco, for the development of Navi International Airport (NMIA).

Of the total forest area, 108.607 hectare is under mangroves, while 141.4565 hectare is reserve forest land.

The and forest department today issued a resolution in this regard.

NMIA is touted to be one of the most ambitious project undertaken by the state which is set to change the economy around

The new international airport will have better facilities and higher capacity to handle passenger as well as cargo traffic.

The airport and its allied facilities require 2,268 hectare of land out of which 1,160 hectares would be utilised for aeronautical purposes.

It is to be developed through public private partnership by way of setting up a Special Purpose Vehicle (SPV).

In the SPV, Cidco and its nominees would have 26 per cent stake.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 17:02 IST