GVK achieves financial closure for Navi Mumbai airport
Completion of financial closure on July 7, 2018 is considered as the appointed date in terms of the concession agreement signed with CIDCO. The new airport would be one of the biggest such investments in the country and is likely to see an investment of about Rs 16,000 crore.
Also, they would be undertaking runway development simultaneously with the clearing of the Ulwe hill. All official partners still seem confident of meeting December 2019 deadline for Phase I for at least the physical infrastructure. Quite likely that having all the legalities, certifications etc in place before the first commercial flight can take place may overshoot the deadline.
NMIA: Runway development to take off soon
"The runway on the south side can be developed as 260 hectares of land has been levelled at 5.5 meter. The remaining 2.5 meters levelling for 8 meters as under the airport development plan will be done by the strategic partner. The operator will do the next level land filling of 2.5 meter for developing the runways, taxiways, terminal building for the airport complex. The villages along the runway will be vacated soon as most have shifted."
The airport will be at almost double the height of the 4.5m flood line. The first phase of Rs 5,514 crore of the Rs 16,000 crore airport will be commissioned (scheduled December 2019 end) with the south runway of 3.7 km and partial development of the H shaped terminal.