consortium — in the race for the project. Navi Mumbai International Airport phase one development will require an estimated investment of INR135.6 billion (USD2 billion), according to a report from credit rating agency CRISIL. The airport project has been in limbo for 13 years. Qualification bids are due to be submitted by 02-Sep-2014 and the selection process is expected to take eight months. CIDCO plans to launch the request for qualification process from 05-Feb-2014. Aug-2014. Walking Distance from Panvel Panvel Bus Depot 1.5 km. 05-Jan-2016. 22-Jun-2016. CIDCO formally issued a global request for qualification (RFQ) for the proposed international airport at Navi Mumbai, 10 biddershaving already expressed interest. Scores of travellers on a tight schedule try to zero down upon the name of the panvel nearest airport. India's Ministry of Civil Aviation provided 'in principle' approval to Maharashtra Government for the Navi Mumbai International Airport construction project. India's City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) senior PRO Mohan Ninawe advised construction equipment has been deployed at the Navi Mumbai International Airport site and "work has started". City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) expects the total cost of the project to be INR145.74 billion (USD2.14 billion) including INR23.58 billion (USD347.4 million), as cost for predevelopment. The project developer will be required to make the area designated for the sanctuary "unattractive to birds" to reduce the risk of bird strikes. Environmental clearances are expected to be granted in the next few months, but it will require at least eight months between tendering approval and awarding a developer a contract. CIDCO extended the deadline for submission of RFQs for the project to 02-Sep-2014. CIDCO requires a total of 1200 consent letters covering 671ha of land across 14 villages. I have twice done aerial surveys of the place, but things are still the same. 27-Oct-2015. Find your ancestry info and recent death notices for relatives and friends. CIDCO acquired 94% of the 1160 hectares required for the project and expects to acquire the remainder in the next two months. Pune Airport (60.0 miles / 96.6 kilometers). You can take a train from Mumbai (BOM) to New Panvel via Dadar, Kurla Jn, and Kurla in around 1h 18m. A GMR Airports spokesperson stated, "We are not bidding on account of project implementation and execution challenges as well as erroneous timelines and bid conditions." The NMIA is being developed by City Industrial Development Corporation (CIDCO), a body of the state government, in Panvel. Informa Markets, a trading division of Informa PLC. Upon its completion, Mumbai will be the first city in India to have more than one airport. Jan-2014. Find what to do today, this weekend, or in January. CIDCO will appoint a contractor for the project by the end of 2015. Following approval by the committee, CIDCO will seek clearance from Maharashtra's Chief Minister Devendra Fadnavis and India's Ministry of Civil Aviation before inviting financial bids. Closest airports to Panvel: 1. Nov-2014. Works include land reclamation, river diversion, levelling of terrain and relocation of power lines and will commence once land acquisition is complete. 22-Jun-2016. India plans to issue a 30-year concession tender for the development and operation of the airport. May-2017. Nothing has moved forward". The nearest airport is chhatrapat Navi Mumbai International Airport- Covering 1,160 hectares in the Kopra-Panvel belt under the MMR (Mumbai Metropolitan Region), the airport could be fully operational by the year 2023. The three remaining airport bidders include GMR Infrastructure, GVK Power & Infrastructure Ltd, and MIA Infrastructure of France with Tata Realty. 27-Oct-2015. Submissions were originally due on 18-Jun-2014 and the deadline was previously extended to 30-Jul-2014, 02-Sep-2014 and 30-Oct-2014. The contract includes land reclamation and terrain levelling works estimated to cost INR17.5 billion (USD281.5 million). CIDCO aims for land and sea transport connectivity projects to be complete by 2017/18. India's City and Industrial Development Corporation (CIDCO) reportedly feels pressured to reach an agreement with land owners to acquire 475 hectares necessary for the Navi Mumbai International Airport project. India’s City and Industrial Development Corporation (CIDCO) plans to extend the tender process for the pre-development construction works of proposed Navi Mumbai International Airport in order to attract more bidders. The majority of this website will not function as intended without JavaScript enabled. CIDCO expects the airport to be commissioned by 2019. CIDCO reported the construction of the airport is scheduled to begin from Sept/Oct-2016 with the first phase open to passengers by mid 2019. Environmental clearance has also been given in stage-II. India’s City and Industrial Development Corporation (CIDCO) sent RFPs to GMR Infrastructure, Mumbai International Airport Limited and MIA Infrastructure for the development of Navi Mumbai International Airport on 29-Apr-2016. Pre-qualified bidders are now expected to be announced by the end of Dec-2014. Navi Mumbai will be Mumbai's second airport. India's Ministry of Environment, Forest and Climate Change National Board for Wildlife withdrew a requirement for the establishment of a mangrove sanctuary as part of the Navi Mumbai International Airport project. India's Minister of State for Civil Aviation Dr Mahesh Sharma confirmed the government granted in principle approval for the development of 13 new airports at cities including Mumbai. Airports near Knightsbridge Underground Station. CIDCO stated INR27 billion (USD423.4 million) is required for pre-development work for the Navi Mumbai International Airport project. City and Industrial Development Corporation of Maharashtra (CIDCO) intends to select a final bidder for the Navi Mumbai International Airport project by Apr-2016. For the latest travel status, please check the official page for India. The recent developments of Panvel are in New Panvel and it’s maintained by CIDCO. As a precautionary measure against COVID-19, grocery shops are keeping sanitizers for the patrons. Any equity allocation to AAI will reportedly be from CIDCO's 26% stake, with a charge for the stake. 18-Jun-2015. Apr-2018. 6 Km to Navi Mumbai International Airport Pillai Institutes Campus – 1 km. India’s City and Industrial Development Cooperation (CIDCO) plans to open financial bids for the pre-development works of proposed Navi Mumbai International Airport, and send the request for proposals (RFP) in Mar-2016. Watch videos, top stories and articles on Navi Mumbai International Airport at moneycontrol.com. So, another year or so would not matter. As soon as we finish the work of a runway and the terminal, it will be thrown open for use". Jan-2018. 07-Dec-2015. India’s City and Industrial Development Corporation (CIDCO) proposes to seek the next step in the bidding process of Navi Mumbai International Airport in mid Feb-2016. Mumbai Chhatrapati Shivaji International Airport (17.3 miles / 27.8 kilometers). 08-Feb-2016. AAI is reportedly preparing a number of long-term funding options for its development, in case private developers are uninterested in the bidding process. The nearest airport to New-Panvel is Mumbai (BOM) Airport which is 30.2 km away. Mr Fadnavis added that the second phase of the project, including construction of a second runway, passenger terminal expansion works and development of a cargo terminal, is expected to be completed within two to two and a half years. CIDCO also reported it established the special purpose vehicle Navi Mumbai International Airport Pvt Ltd with Mumbai International Airport Ltd (MIAL) to execute the project. 05-Aug-2015. CAPA Membership also gives you access to a customised selection of more than 400 global News Briefs every weekday, as well as a comprehensive Data Centre, Analysis Reports and Research Publications. Maharashtra's Chief Minister Devendra Fadnavis reported phase one development of Navi Mumbai International Airport is expected to be completed and commissioned by mid 2020. It will be the second international airport for the Mumbai Metropolitan Region, functioning alongside Chhatrapati Shivaji Maharaj International Airport (CSIA) as India's first urban multi-airport system. The overall cost of the project is expected to be INR150 billion (USD2.26 billion). Panvel direction from Mumbai Airport: Panvel is located nearly west side to Mumbai Airport. CIDCO is reportedly concerned that unless it swiftly reaches an agreement with PAPs to avoid further delays, which could endanger the future of the project. Apr-2017. Markets & Critical Support Facilities Life Care Hospital – 1 km. The contract includes levelling land for construction of the airport's runways. A GMR Airports spokesperson stated, "We are not bidding on account of project implementation and execution challenges as well as erroneous timelines and bid conditions." CIDCO expects the airport could begin operations with a single runway as early as 2018. India’s Ministry of Home Affairs rejected Hiranandani Developers and Zurich Airport's security clearance, with the companies being one of the four shortlisted companies to bid for the proposed Navi Mumbai International Airport. 04-Jan-2017. Mr Radha however said the agency is committed to proceeding with the project, despite the delays and escalation of project costs. City and Industrial Development Corporation of Maharashtra (CIDCO) aims to award the contract by Dec-2015 and the airport is expected to commence operations in 2019. Panvel is an important junction point as many major highways meet and pass through the city. 31-Dec-2015. 14-Feb-2017. There is a proposal to include Targhar as one of the stations on the spur line. Nov-2013. 12-Oct-2016. Dec-2016. India’s Maharashtra Government announced plans to fast-track the development of Navi Mumbai International Airport with a revised completion date as early as Dec-2019 for the first phase of the project. We have reviews of the best places to see in Panvel. Feb-2014. City and Industrial Development Corporation of Maharashtra (CIDCO) further extended the RFQ submission deadline for the Navi Mumbai Airport construction contract to 10-Dec-2014. Ms Radhi stated the first phase of the pre-development plan is divided into four packages, in which “evaluations for the first three technical packets are almost done” and the fourth is expected to be completed by 15-Jan-2016. CIDCO has already cautioned that the development of the airport may be delayed another 12 months by the negotiations. India's Maharashtra Chief Minister Devendra Fadnavis advised all approvals for the Navi Mumbai International Airport project are in place and first service will launch by Dec-2016. You can also choose from our range of premium add-ons, including MRO Matrix, Route Maps, Fleet Data and more. The Phase I cost was projected at USD960 million and the total cost USD1.6 billion but projected land acquisition costs alone have reportedly reached INR170 billion (USD2989 million). 30-Dec-2015. India's Ministry of Civil Aviation stated that any extension beyond 40 years and before 60 years of operation will be done using a bidding process, and the existing promoter has the right of first refusal. The Navi Mumbai Airport project has been planned by City and Industrial Development Corporation (CIDCO), which will hold 26% stake in the project. GVK Group's Mumbai International Airport Ltd (MIAL) bid for the Navi Mumbai International Airport development project was selected by City and Industrial Development Corporation of Maharashtra (CIDCO). The Government has secured the majority of clearances required for the project. India's Civil Aviation Ministry is seeking for the Airports Authority of India (AAI) to become an equity partner in the special purpose vehicle (SPV) that will be formed to construct and operate the proposed Navi Mumbai Airport. GMR group, Tata Realty and Hiranandani Group-Zurich Airport consortium reportedly advised they would no longer participate in the bids. The loan will be repaid over 10 years from CIDCO, and will be used for construction works such as filling the marshland around the airport and removing cables. Projected project costs have risen from INR47.660 billion (USD753 million) to INR145.73 billion (USD2.3 billion). City and Industrial Development Corporation of Maharashtra (CIDCO) extended the deadline for submission of requests for qualification (RFQs) on 06-Dec-2014 for the Navi Mumbai International Airport project to 28-Jan-2015, according to CIDCO's website. Mr Bhatia said the airport is still expected to cost INR145 billion (USD2.4 billion). 10-Jan-2017. An unidentified CIDCO official reportedly said the extension was granted to allow bidders to form JVs. India’s Minister of State for Civil Aviation Jayant Sinha advised all approvals except for stage two forest clearance have been approved for the Navi Mumbai International Airport project. Get all latest & breaking news on Navi Mumbai International Airport. 08-Jan-2016. Other reports indicate that the Hiranandani Group-Zurich Airport consortium also advised they would no longer participate in the bid. Our full profiles are only available to CAPA Members. 17-Aug-2016. issued letters calling for the City and Industrial Development Corporation of Maharashtra (CIDCO) to extend the deadline for submission of financial bids for the Navi Mumbai International Airport project and address issues related to pre-development work, site preparation and compensation of affected residents. Phase one includes the development of one passenger terminal and one runway. Aug-2018. Mr Fadnavis previously maintained phase one would be completed by Dec-2019 but now says it "should be ready by March 2020". Travel time from Panvel to Mumbai Airport Sep-2014. The Minister of State for Civil Aviation K C Venugopal informed the Indian lower house of parliament that the Maharashtra State Government is in the process of issuing a request for qualification for the selection of a concessionaire regarding construction of the Navi Mumbai International Airport. The projected “cannot afford any more delays” with land acquisition. CIDCO received bids from GMR Group, Mumbai International Airport, a consortium of MIA Infrastructure and Tata Realty and Infrastructure and a consortium of Flughafen Zurich and Hiranandani Developers. However, Panvel is changing with time becoming the next prime locality in real estate domain. Each profile offers comprehensive news and analysis, as well as the ability to drill down into data on schedules, capacity share, fleet, traffic, financial results and more. Further site preparation works are expected to commence in Jan-2015. The airport will be able to host new-generation aircraft like the A380 and Boeing 747-8. The nearest airports to Navi Mumbai/ Panvel are at Mumbai (25km), Pune (135km) and Aurangabad (330km), Mumbai being the easiest to access. 25-Oct-2017. Maharashtra State Government confirmed that it still needs to acquire 291 hectares of land for the Navi Mumbai International Airport development. CIDCO issued a tender for the contract to develop land at the core aeronautical area for the airport project. If you don't already have an account, click the button below to create one. Alternatively, Kallada Tours and Travels operates a bus from Belgaum to Navi Mumbai once daily, and the journey takes 6h 59m. Sep-2016. Mar-2018. The pre-development plan is expected to cost approximately INR3000 crore (USD449 million) across 1160 hectares, and will include works such as the diversion of Ulwe River and ground levelling. India’s Ministry of Civil Aviation (MOCA) announced City and Industrial Development Corporation of Maharashtra (CIDCO) will provide the developer and operator of the proposed Navi Mumbai International Airport project an interest free-loan worth INR3000 crore (USD451.6 million). CIDCO reported it received 127 consent letters from landowners affected by the construction of the airport since the release of a new government resolution on compensation in mid Jun-2014. 29-Apr-2017. Pre-development is expected to cost INR35 billion (USD525.5 million). See also nearest airports on a map. Bids are due by 18-Jun-2014, with the bidding and evaluation process expected to take up to 10 months. The opening of Navi Mumbai International Airport’s (NMIA) first runway could be delayed by another six to seven months as the Ministry of Civil Aviation (MoCA) has asked the Mahara GVK Power and Infrastructure Ltd signed an agreement with City Industrial Development Corporation Limited (CIDCO) to establish Navi Mumbai International Airport Private Limited (NMIAL), a special purpose vehicle (SPV) to implement the Navi Mumbai International Airport development project. The company stated: "Gayatri Projects has made inroads into the construction of airports by bagging a INR7 billion (USD104 million) contract as part of the larger Navi Mumbai International Airport from City and Industrial Development Corporation of Maharashtra.”. Three remaining airport bidders include gmr Infrastructure, GVK power & Infrastructure Ltd, and revised. Of an additional INR35 billion ( USD2.3 billion ) schedule, map Pramod said... 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