International Airport
The new international airport for Mumbai, destined for the Panvel area, will be built through public-private partnership (PPP), with private sector partners having 74% equity and the Airports Authority of India (AAI) and Government of Maharashtra (through CIDCO) each holding 13%.
The International Civil Aviation Organization (ICAO) has already given techno-feasibility clearance to the airport. The central government provided cabinet approval for the construction on 31 May 2007. Specialised consultants were appointed and the global tendering process is underway. The government authorities are still planning the land acquisition.
Read more about this topic: Navi Mumbai
Famous quotes containing the word airport:
“Airplanes are invariably scheduled to depart at such times as 7:54, 9:21 or 11:37. This extreme specificity has the effect on the novice of instilling in him the twin beliefs that he will be arriving at 10:08, 1:43 or 4:22, and that he should get to the airport on time. These beliefs are not only erroneous but actually unhealthy.”
—Fran Lebowitz (b. 1950)