The Indian Union Ministry of Civil Aviation (MoCA) has given clearance to finalise the request for proposal (RFP) bids for the Rs150bn ($2.24bn) Navi Mumbai International Airport (NMIA) project.
After the Chhatrapati Shivaji International Airport, the new airport will be the second international airport in Mumbai, the commercial hub of India.
The airport will cover an area of 1,160 hectares and have two parallel runways for simultaneous operations. Besides, there will be provision of full length taxi ways on either side of the runways.
The airfield will be able to accommodate new large aircrafts to comply with International Civil Aviation Organisation (ICAO) Aerodrome Code 4F.
The work on airport is expected to commence in mid-2016, and the operation at the airport is likely to start by the end of 2019.
There are four bidders, which are awaiting security approval of the Union home ministry.
Once the ministry gives its security approval, a bidder that provides maximum shares to City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), the planning authority for the airport, will be selected so that can construction can commence by September-October this year.
CIDCO senior public relation officer Dr Mohan Ninawe was quoted by the DNA as saying: "MoCA emphasised that the timely implementation of the project of national importance was critical in light of the growth in air traffic and the ever-increasing congestion at Mumbai airport both on air and landside."
The airport is expected to have the capacity of ten million passengers annually in 2017, 25 million by 2020, 45 million in 2025 and 60 million by 2030.
The Navi Mumbai Airport is proposed to be developed through public private participation (PPP) model.
On June 2015, nine developers submitted their RFPs to CIDCO, which holds 26% stake in this project.
GMR Delhi, GVK-led Mumbai International Airport, Zurich airport with Hiranandani Developers, and MIA Infrastructure of France, along with Tata Realty are four companies that were selected, reported DNA..
Image: Second international airport to come up in Mumbai. Photo: courtesy of Cidco.