Page 4 - Navi Mumbai International Airport

With MTHL on the road, Mumbai may see projects worth Rs 84K cr begin ops

The 37,276 crore worth Mumbai Metro line-3, connects the north of the city (SEEPZ) to south (Cuffe Parade) and is expected to start operations in two phases, first in April and second in September

Speed up renaming of Chhatrapati Sambhajinagar, other airports: Uddhav

Shiv Sena (UBT) chief Uddhav Thackeray on Friday wrote to Union Civil Aviation Minister Jyotiraditya Scindia urging him to expedite the process to rename the airport in Aurangabad (now Chhatrapati Sambhajinagar) and the upcoming Navi Mumbai International Airport. In a letter to Scindia, Thackeray said the Maha Vikas Aghadi government led by him had sent a proposal to the Centre in 2020 to name Aurangabad airport as Chhatrapati Sambhaji Maharaj Airport. Another proposal was sent in 2022 to name the Navi Mumbai international airport as D B Patil International Airport, Thackeray said. Thackeray said while his government was seeking to rename these two airports, it was told from different quarters that the Centre's policy is to name airports only after its cities. However, the Ayodhya airport has been renamed as Maharshi Valmiki International Airport and Mopa airport in Goa as Manohar International Airport after the state's late chief minister Manohar Parrikar, Thackeray said. If Ayod

NMMC collects property tax of Rs 465 cr in first nine months of FY24

The Navi Mumbai Municipal Corporation (NMMC) has collected Rs 465.70 crore as property tax in nine months of the financial year 2023-24 compared to Rs 398.65 crore in the same period of the previous fiscal, officials said. Property tax is one of the major source of revenue for the NMMC. Navi Mumbai is a major industrial belt in the Mumbai Metropolitan Region. The civic body laid emphasis on recovering arrears, leveraging data from newly assessed properties and conducted the first phase of LiDAR (Light Detection And Ranging - a remote sensing & surveying technology) survey in the Maharashtra Industrial Development Corporation (MIDC) area, an official release said. With three months still left, the NMMC has set a target of collecting property tax of Rs 800 crore in the financial year 2023-24.

Navi Mumbai international airport's commercial launch expected in Dec 2024

The airport is expected to fly 12 million passengers in the first year of operations

Adani aviation plan: A top airline may be shifted to Navi Mumbai airport

The commercial area at Mumbai airport is proposed to be increased from 28,000 square metres to 47,000 square metres

Loan refinancing improves Adani-run Mumbai airport's liquidity: CRISIL

However, rating agency says strengths partially offset by risks associated with delay in tariff orders and air traffic

PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month

Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments

Mumbai International Airport raises $750 million debt from Apollo Global

The capital raise comes in the backdrop of recovery in domestic air traffic and resum­ption of scheduled internatio­nal services from March-end

Adani Enterprises hits new high on financial closure of Navi Mumbai airport

State Bank of India (SBI) has underwritten the entire debt requirement of Rs 12,770 crore for the NMIA Project

Adani Group achieves financial closure of Navi Mumbai airport project

Milestone achieved by raising Rs 12,770-crore loan from SBI

CIDCO moves to fast-track Navi Mumbai airport area development

Town planning authority CIDCO on Sunday asked land owners who come within NAINA, to submit consent letters as soon as possible to fast-track development plans in the area.

A tale of jittery bankers, a stalled deal and GVK's Adani embrace

August-end loan deadline brought GVK to negotiating table

PSP, ADIA and NIIF breached airport agreement, says GVK group

The move led arbitral tribunal to vacate the order of injunction that had restrained Bidvest and ACSA from selling their shares to any third party, firm says in response to legal notice

Adani Group stocks in focus post Mumbai Int'l Airport deal; GVK Power up 5%

Under the transaction, Adani Group will acquire 50.5 per cent stake of GVK group

Stalled Navi Mumbai airport to take off with fresh fund infusion by Adani

Project has been under planning for past 15 years but failed to close financially as GVK group, from whom Adani is taking over, is neck deep in problems

Adani Group to acquire 74% stake in Mumbai International Airport

Makes group second-largest private airport operator

From controversy to delay, an airport's endless quest for take-off

The CBI investigation of money laundering by GVK Airport Holdings adds another chapter to the long saga of controversy and delay that have bedevilled airport privatisation since inception

Prove financial capability: Cidco puts GVK in dock over Navi Mumbai airport

Cidco's queries to GVK group on its financial health comes as the latter has been unable to secure funds from banks and start work on the project.

L&T's construction arm bags contract for Navi Mumbai International Airport

Infrastructure major L&T on Tuesday said its construction arm has bagged the contract for construction of the Navi Mumbai International Airport. The company did not provide value of the contracts but said the orders fall under "major" category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts. "The transportation infrastructure and buildings and factories businesses of L&T Construction have secured a prestigious project from the Navi Mumbai International Airport Private Ltd (NMIAPL) for the engineering, procurement and construction of the greenfield Navi Mumbai International Airport at Navi Mumbai," L&T said in a regulatory filing. The passenger terminal building is being developed to initially handle a capacity of 10 MPA (million passengers per annum). The project will subsequently be enhanced to handle 20 MPA, the company added. Shares of the company were trading at Rs 1,314 apiece, down 1.06 per cent, from their previous close

UK firm Zaha Hadid Architects to design Navi Mumbai international airport

This will be Zaha Hadid's first major project in the Indian sub-continent