GVK Power & Infrastructure is all set to bag the mandate for the mega Rs.16,000 crore Navi Mumbai green field airport project with the Project Monitoring Committee approving its financial bid and now awaits state government approval. It may be recalled that the GVK-led Mumbai International Airport Ltd. had developed the existing airport in Mumbai. As per the laid down norms, the committee will recommend the GVK’s bid to the Maharashtra government and the Cabinet will provide its stamp of final approval, sources said that the Letter of Intent, which the GVK management is anxiously waiting to begin works, will be issued by the City and Industrial Development Corporation. Significantly, couple of major pre-airport development works of over Rs.2,000 crore have already been awarded. This includes site leveling, removal of a major rock, reclamation of land, changing water course and rehabilitation of people living in three villages. The phase one of the project is expected to be ready within 36 months of commencement of work.
📅Published on:
23 October 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
