Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Phased shifting of Mumbai airport slums from year-end
Ruchi Panigrahi / Mumbai May 06, 2009, 00:36 IST

Traffic projection of 40 mn passengers for 2013.

The much-debated shifting of slums encroaching on 276 acres of land at the Chhatrapati Shivaji International Airport here will start from November this year.

 
However, only about a fourth of the encroached land will be freed to begin with, admits Mumbai International Airport Ltd (MIAL). All the dwellers have to be rehabilitated and only land enough for a quarter has been found so far by HDIL, the firm that has the contract for doing so, says Sanjay Reddy, MIAL’s managing director. He hopes the process will be completed in four more years.

The GVK Industries-led consortium, which was given the contract to run MIAL almost three years ago, plans to use the freed land for airport development.

MIAL has projected the growth in passenger capacity to 40 million by 2013. It currently handles 23 million a year.

The land constraints, the airport being in the heart of the city, have plagued MIAL’s plans. Reddy says MIAL, despite all these problems, is progressing. “We were ranked 55th (in the global ranking o f airports) when we took over in 2006 and climbed to 40th spot in 2007. We want to be among the world’s top 20 by 2013,” he said.

He said they hoped to get the contract for the proposed Navi Mumbai airport as they have first right of refusal. If that happens, they will be able to enhance the overall capacity in and around Mumbai to 80 million passengers a year by 2025.

The primary aim of MIAL is to complete the new integrated terminal (at the site of the current international terminal at Sahar) by the end of 2012. The current domestic terminal at Santa Cruz will then be mainly used for cargo operations.

Apart from starting the slum rehabilitation, MIAL officials claim they will complete this year the construction of domestic terminal 1C, which will link both existing terminals, 1B and 1C.

A new air traffic control tower would be completed by 2010. One challenge will be deciding how to upgrade the runways. “We will have to decide whether to have the airport closed for a few hours (daily) over many months or shut it for a day or two (every week) for a few months,” said Reddy.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Tata Motors skids as margins dip at JLR
- Wealthy clients turned tables on UBS and staff?
- Toyota looks at more small cars for India
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us